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Navigating the process of buying a new home in Coleman, TX while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Coleman, TX or getting it ready for the market.
Identify the new home you want to buy in Coleman, TX, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Coleman, TX often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Coleman, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Coleman, TX. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Coleman, TX do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Coleman, TX may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Coleman, TX provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Coleman, TX to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Bridge loans offer a quick financing solution for homeowners in Coleman, Texas, allowing them to purchase a new home before selling their current one. This flexibility eliminates the need to rush the selling process and potentially secure a better deal for the old property. Coleman, Texas, is a quaint town with a population of around 4,500 residents. The demographics skew towards families and retirees, creating a tight-knit community. With a lower cost of living compared to larger cities, Coleman offers a peaceful and affordable lifestyle. The housing market in Coleman is stable, with a mix of historic homes and modern properties. The average home price is below the national average, making it an attractive choice for first-time buyers and those looking to invest in real estate. Bridge loans can help buyers navigate this market effectively. Main attractions in Coleman include the W.H. Stark House, a historic mansion showcasing the town's heritage, and Lake Scarborough, a popular spot for fishing and boating. The nearby Coleman City Park offers recreational activities for residents of all ages.
Benefits of Bridge Loans in Coleman, Texas
