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Navigating the process of buying a new home in Austin, 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 Austin, TX or getting it ready for the market.
Identify the new home you want to buy in Austin, 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 Austin, 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 Austin, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Austin, 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 Austin, 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 Austin, 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 Austin, 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 Austin, 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 Austin, Texas offer numerous benefits to home buyers and property investors. These short-term loans help bridge the gap between selling a current property and buying a new one, providing quick access to funds for a down payment. They offer flexibility in timing, allowing borrowers to seize investment opportunities without delays. Austin, Texas, boasts a diverse demographic profile. With a growing population of over 950,000 residents, the city attracts a mix of young professionals, families, and students. The median age is 33.9 years, reflecting the city's youthful energy and vibrant cultural scene. The housing market in Austin is dynamic and competitive. The city's real estate market is known for its strong demand, limited inventory, and steady appreciation rates. While this poses challenges for buyers, bridge loans provide a valuable financing option to secure properties in this fast-paced market.
Bridge Loans in Austin, Texas
