Get Approved at The Lowest Rate
Navigating the process of buying a new home in Balmorhea, 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 Balmorhea, TX or getting it ready for the market.
Identify the new home you want to buy in Balmorhea, 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 Balmorhea, 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 Balmorhea, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Balmorhea, 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 Balmorhea, 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 Balmorhea, 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 Balmorhea, 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 Balmorhea, 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 Balmorhea, Texas offer fast access to funds for homebuyers in transitional phases, enabling them to secure a new home before selling their current one. This can prevent missed opportunities and help avoid the stress of temporary housing arrangements. Demographically, Balmorhea, Texas, has a population of approximately 500 residents, offering a tight-knit community feel. With a median age of 31 and a median household income slightly below the national average, the town provides a balance between affordability and a rural lifestyle. In terms of the housing market, Balmorhea boasts affordable median home prices, making it an attractive option for first-time buyers and those looking for a slower pace of life. Bridge loans can facilitate the purchase of these homes by providing temporary financing solutions. One of the main attractions in Balmorhea is the famous Balmorhea State Park, known for its spring-fed swimming pool that attracts visitors looking to relax and enjoy nature. Additionally, the historic San Solomon Springs offers a picturesque spot for outdoor enthusiasts and history buffs alike.
The Benefits of Bridge Loans in Balmorhea, Texas
