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Navigating the process of buying a new home in Como, 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 Como, TX or getting it ready for the market.
Identify the new home you want to buy in Como, 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 Como, 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 Como, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Como, 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 Como, 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 Como, 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 Como, 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 Como, 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 in Como, Texas, offer various advantages to homeowners and investors. One of the primary benefits is the ability to secure financing quickly, allowing individuals to bridge the gap between the purchase of a new property and the sale of an existing one. Demographically, Como, Texas, is a charming small town with a population of around 700 residents. The community is known for its friendly atmosphere and strong sense of community spirit, making it an ideal place to settle down or invest in real estate. In terms of the housing market, Como, Texas, offers a diverse range of properties, from historic homes to modern developments. With the help of bridge loans, buyers can take advantage of the competitive housing market and secure their dream home without having to wait for their current property to sell. Some main attractions in Como include the picturesque Lake Tawakoni State Park, which offers opportunities for fishing, boating, and hiking. The town also boasts a number of local eateries, shops, and cultural landmarks, making it a desirable location for residents and visitors alike.
Benefits of Bridge Loans in Como, Texas
