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Navigating the process of buying a new home in Bay City, 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 Bay City, TX or getting it ready for the market.
Identify the new home you want to buy in Bay City, 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 Bay City, 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 Bay City, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bay City, 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 Bay City, 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 Bay City, 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 Bay City, 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 Bay City, 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 Bay City, Texas offer a crucial financial lifeline during the transition between the purchase of a new home and the sale of an existing one. These loans provide immediate funds to bridge the gap, allowing homeowners to secure their new property without having to wait for their old home to sell. Demographically, Bay City boasts a diverse population with a mix of young professionals, families, and retirees. The city's proximity to both Houston and the Gulf Coast makes it an attractive location for those seeking a balance between urban amenities and coastal living. The housing market in Bay City is robust, with a range of properties available to suit different budgets and preferences. With the help of bridge loans, residents can take advantage of favorable market conditions to secure their dream home while leveraging the equity in their current property. Some main attractions in Bay City include the Matagorda County Museum, where visitors can explore the area's rich history, and the Matagorda County Birding Nature Center, a paradise for nature lovers. The city's proximity to the Gulf Coast also provides opportunities for outdoor activities such as fishing, boating, and beachcombing.
Benefits of Bridge Loans in Bay City, Texas
