Get Approved at The Lowest Rate
Navigating the process of buying a new home in Mc Leod, 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 Leod, TX or getting it ready for the market.
Identify the new home you want to buy in Mc Leod, 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 Leod, 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 Leod, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mc Leod, 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 Leod, 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 Leod, 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 Leod, 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 Leod, 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!
Benefits of Bridge Loans: Bridge loans provide quick financing, helping individuals or families buy a new home before selling their current one. They offer flexibility, allowing borrowers to make competitive offers without a home sale contingency, and are typically short-term, easing financial pressure. Demographics: Mc Leod, Texas, is a small, tight-knit community with a population of around 700 residents. The town has a rural charm and a welcoming atmosphere that appeals to families and retirees looking for a peaceful place to call home. Housing Market: The housing market in Mc Leod offers a mix of historic homes and modern properties. With the help of bridge loans, buyers can take advantage of competitive prices and low-interest rates. The market is stable, making it an attractive option for those seeking a balance between affordability and quality. Main Attractions: Mc Leod is known for its scenic beauty and outdoor recreational opportunities. Residents enjoy exploring the nearby Caddo Lake State Park, known for its lush forests and diverse wildlife. The town also hosts community events and festivals that bring residents together in celebration of local culture and traditions.
Bridge Loans in Mc Leod, Texas
