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Navigating the process of buying a new home in Bandera, 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 Bandera, TX or getting it ready for the market.
Identify the new home you want to buy in Bandera, 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 Bandera, 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 Bandera, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bandera, 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 Bandera, 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 Bandera, 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 Bandera, 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 Bandera, 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 offer a financial lifeline for individuals looking to purchase a new home before selling their existing one. In Bandera, Texas, these loans provide the flexibility to secure a new property quickly without the constraints of a traditional mortgage, making them a popular choice for homebuyers. Demographics: Bandera, Texas, is a charming town with a population of approximately 9000 residents. The community is known for its rich history, vibrant culture, and friendly locals. The town boasts a diverse population, with a mix of families, retirees, and young professionals calling it home. Housing Market: Bandera's housing market is thriving, offering a range of options from historic homes to modern developments. With a median home price below the national average, the town presents affordable opportunities for prospective buyers. Bridge loans facilitate quick transactions in this competitive market, giving buyers an edge in securing their dream home. Main Attractions: Bandera is a haven for outdoor enthusiasts, with attractions like Bandera Natural History Museum, Frontier Times Museum, and the picturesque Bandera City Park. The town is also famous for its cowboy culture, hosting events like rodeos and western-themed festivals that showcase its unique heritage.
Benefits of Bridge Loans in Bandera, Texas
