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Navigating the process of buying a new home in Cumby, 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 Cumby, TX or getting it ready for the market.
Identify the new home you want to buy in Cumby, 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 Cumby, 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 Cumby, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cumby, 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 Cumby, 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 Cumby, 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 Cumby, 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 Cumby, 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 short-term financing solutions to bridge the gap between the purchase of a new home and the sale of an existing one. In Cumby, Texas, these loans provide homeowners with the flexibility and liquidity needed to secure their dream homes without worrying about the sale timeline of their current property. This can alleviate the stress of carrying two mortgages simultaneously and enable smoother transitions between homes. Cumby, Texas, is a charming small town with a population of around 800 residents. The community boasts a friendly and tight-knit atmosphere, making it an ideal place for families and individuals looking for a peaceful and welcoming environment. The town's demographics reflect a mix of age groups, with a focus on community engagement and local pride. The housing market in Cumby, Texas, offers a variety of options to suit different preferences and budgets. From historic homes with character to modern developments, prospective buyers can find a range of properties to choose from. The town's real estate market is known for its stability and affordability, making it an attractive location for both first-time homebuyers and seasoned investors. While in Cumby, visitors and residents alike can enjoy exploring the town's main attractions. The Cumby Municipal Park offers recreational facilities for outdoor activities such as picnicking, hiking, and sports. Additionally, the Cumby Depot Museum provides insight into the town's rich history and heritage. The friendly local businesses and restaurants add to the town's charm, making it a delightful place to visit or call home.
The Benefits of Bridge Loans in Cumby, Texas
