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Navigating the process of buying a new home in Comstock, 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 Comstock, TX or getting it ready for the market.
Identify the new home you want to buy in Comstock, 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 Comstock, 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 Comstock, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Comstock, 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 Comstock, 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 Comstock, 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 Comstock, 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 Comstock, 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 valuable financing solution for individuals or families looking to purchase a new home in Comstock before selling their existing property. These short-term loans provide the flexibility to secure a new home purchase quickly without the stress of timing the sale of the current property. Comstock, Texas, is a quaint town with a population of approximately 375 residents. The community boasts a close-knit feel with a mix of families and retirees. The town is known for its scenic landscapes, friendly locals, and low crime rates, making it an ideal place to raise a family or enjoy a peaceful retirement. The housing market in Comstock offers affordable options for homebuyers, with a median home price well below the state average. With the assistance of bridge loans, potential buyers can take advantage of the favorable market conditions to secure their dream home in this charming town without the stress of juggling multiple mortgages. Main attractions in Comstock include the majestic Seminole Canyon State Park, known for its ancient rock art and scenic hiking trails. The town also offers opportunities for outdoor activities such as fishing, boating, and birdwatching along the nearby Pecos River, providing residents with a peaceful and enriching lifestyle.
Benefits of Bridge Loans in Comstock, Texas
