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Navigating the process of buying a new home in Avalon, 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 Avalon, TX or getting it ready for the market.
Identify the new home you want to buy in Avalon, 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 Avalon, 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 Avalon, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Avalon, 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 Avalon, 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 Avalon, 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 Avalon, 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 Avalon, 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 Avalon, Texas offer a crucial financial solution for many homebuyers. These short-term loans provide the flexibility needed to bridge the gap between buying a new home and selling the existing one. By securing a bridge loan, homeowners can avoid the stress of timing constraints and potential financial setbacks. Demographically, Avalon, Texas, is a charming small town with a population that values community and a slower pace of life. The town boasts a mix of families and retirees, creating a diverse and welcoming environment for residents. The housing market in Avalon is vibrant, offering a mix of historic homes and new developments. With a steady demand for housing and competitive prices, Avalon presents a great opportunity for real estate investors and homebuyers alike. Some of the main attractions in Avalon include the picturesque downtown area, perfect for shopping and dining. Nature enthusiasts can explore the nearby parks and lakes, while history buffs can visit the local museums and cultural sites.
The Benefits of Bridge Loans in Avalon, Texas
