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Navigating the process of buying a new home in Coolidge, 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 Coolidge, TX or getting it ready for the market.
Identify the new home you want to buy in Coolidge, 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 Coolidge, 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 Coolidge, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Coolidge, 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 Coolidge, 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 Coolidge, 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 Coolidge, 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 Coolidge, 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 Coolidge, Texas offer numerous benefits for homebuyers. These short-term loans provide quick access to funds for purchasing a new home before selling the current one. They help bridge the gap between buying and selling, enabling smoother transitions without the need for contingent offers. Demographically, Coolidge, Texas, is a small town with a tight-knit community. With a population of around 900 residents, it offers a peaceful and friendly environment. The town has a mix of both young families and retirees, creating a diverse and welcoming neighborhood. In terms of the housing market, Coolidge presents affordable options for homebuyers. The median home price is below the national average, making it an attractive location for first-time buyers or those looking to downsize. Bridge loans can help buyers secure properties in this market quickly and efficiently. Some main attractions in Coolidge include its historic downtown area, which features local shops and restaurants. The town is also close to outdoor recreational areas, such as parks and fishing spots, making it ideal for nature lovers. The community hosts events throughout the year that bring residents together.
Benefits of Bridge Loans in Coolidge, Texas
