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Navigating the process of buying a new home in Corsicana, 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 Corsicana, TX or getting it ready for the market.
Identify the new home you want to buy in Corsicana, 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 Corsicana, 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 Corsicana, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Corsicana, 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 Corsicana, 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 Corsicana, 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 Corsicana, 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 Corsicana, 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 Corsicana, Texas offer a convenient financing option for individuals who are looking to purchase a new home before selling their current property. This type of loan provides temporary funds to bridge the gap between the sale of their existing home and the purchase of a new one, allowing buyers to secure their dream home without the stress of timing constraints. Demographics in Corsicana show a diverse population with a strong sense of community. The city boasts a mix of young families, working professionals, and retirees, creating a welcoming environment for residents of all ages. The cost of living in Corsicana is relatively affordable compared to larger cities, making it an attractive option for both first-time homebuyers and seasoned investors. The housing market in Corsicana is dynamic, offering a range of options from historic homes to modern developments. With a steady appreciation in property values, investing in real estate in Corsicana can be a lucrative endeavor. Bridge loans provide buyers with the flexibility to capitalize on the opportunities presented by this growing market. Aside from its real estate appeal, Corsicana is also home to attractions such as the Pioneer Village, Navarro College, and the Corsicana Opry. These landmarks draw visitors and residents alike, enriching the cultural fabric of the city and providing entertainment options for all.
Benefits of Bridge Loans in Corsicana, Texas
