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Navigating the process of buying a new home in Copperas Cove, 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 Copperas Cove, TX or getting it ready for the market.
Identify the new home you want to buy in Copperas Cove, 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 Copperas Cove, 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 Copperas Cove, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Copperas Cove, 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 Copperas Cove, 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 Copperas Cove, 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 Copperas Cove, 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 Copperas Cove, 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!
A bridge loan in Copperas Cove, Texas, can offer borrowers the flexibility and financial support needed to seamlessly transition between the sale of one home and the purchase of another. These short-term loans can provide immediate funds to cover down payments, closing costs, and other expenses associated with buying a new property. Demographically, Copperas Cove boasts a diverse population, including a mix of military families from nearby Fort Hood, young professionals attracted by affordable housing, and retirees enjoying the town's relaxed atmosphere. The city's growing economy and proximity to major cities like Austin and Waco make it an attractive location for individuals and families alike. In terms of the housing market, Copperas Cove offers a range of real estate options, from single-family homes to spacious ranch properties. The market has remained stable in recent years, with a steady increase in home values while maintaining affordability compared to nearby urban centers. This makes it an ideal time for buyers to consider investing in the Copperas Cove real estate market. When it comes to attractions, Copperas Cove boasts scenic beauty with its proximity to recreational areas like Dana Peak Park and Stillhouse Hollow Lake, offering opportunities for outdoor activities such as hiking, camping, and fishing. The city also hosts community events, farmers markets, and local shops that contribute to its vibrant small-town charm.
Benefits of Bridge Loans in Copperas Cove, Texas
