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Navigating the process of buying a new home in Mc Dade, 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 Mc Dade, TX or getting it ready for the market.
Identify the new home you want to buy in Mc Dade, 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 Mc Dade, 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 Mc Dade, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mc Dade, 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 Mc Dade, 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 Mc Dade, 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 Mc Dade, 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 Mc Dade, 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 McDade, Texas offer numerous benefits for homebuyers. These short-term loans help bridge the gap between the purchase of a new home and the sale of an existing one, providing flexibility and financial support during the transition period. With a bridge loan, individuals can access funds quickly, allowing them to secure a new property without having to wait for their old home to sell. McDade, Texas, located in Bastrop County, has a population of approximately 685 residents. The area boasts a rural feel with a close-knit community. The town's demographics include a mix of families, retirees, and young professionals, creating a diverse and welcoming environment for residents. The housing market in McDade offers various opportunities for both buyers and sellers. With a median home price below the national average, McDade provides affordable housing options. Additionally, the real estate market in McDade is relatively stable, making it an attractive location for those seeking investment opportunities or long-term housing solutions. Main attractions in McDade include the historic McDade Hall, known for its community events and gatherings, as well as the scenic McDade Park, offering outdoor recreational activities such as hiking and picnicking. The town's charming downtown area features local shops and restaurants, providing residents with convenient amenities in a quaint setting.
Benefits of Bridge Loans in McDade, Texas
