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Navigating the process of buying a new home in Banquete, 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 Banquete, TX or getting it ready for the market.
Identify the new home you want to buy in Banquete, 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 Banquete, 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 Banquete, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Banquete, 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 Banquete, 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 Banquete, 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 Banquete, 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 Banquete, 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 quick financing options for individuals looking to buy a new home before selling their existing one. In Banquete, Texas, these loans can help alleviate financial strain by providing temporary funds to bridge the gap between the purchase of a new house and the sale of the current one. Demographically, Banquete is a small town located in Nueces County with a population of approximately 600 residents. The community is known for its tight-knit feel and friendly atmosphere, making it an ideal place for families and individuals looking for a peaceful and welcoming environment. The housing market in Banquete is relatively stable, with a mix of new developments and older, established homes. Bridge loans can be particularly beneficial in this area, as they allow buyers to act quickly in competitive markets and secure their dream home without having to wait for their current property to sell. While Banquete may be a small town, it offers a range of attractions and activities for residents and visitors alike. From nearby parks and nature reserves to local shops and restaurants, there is no shortage of things to see and do in this charming Texas community.
Benefits of Bridge Loans in Banquete, Texas
