Get Approved at The Lowest Rate
Navigating the process of buying a new home in Beaumont, 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 Beaumont, TX or getting it ready for the market.
Identify the new home you want to buy in Beaumont, 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 Beaumont, 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 Beaumont, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Beaumont, 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 Beaumont, 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 Beaumont, 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 Beaumont, 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 Beaumont, 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 immediate access to funds for purchasing a property before selling an existing one, making them ideal for homeowners looking to transition without delays. Demographically, Beaumont boasts a diverse population with a median age of 35, making it a vibrant and dynamic community. The city is home to a mix of professionals, families, and retirees, creating a rich tapestry of cultures and experiences. In terms of the housing market, Beaumont offers a range of affordable options for buyers. The market is stable, with a steady appreciation in property values, making it an attractive location for real estate investment. Main attractions in Beaumont include the renowned Spindletop-Gladys City Boomtown Museum, showcasing the city's history of oil discovery, as well as the lush Beaumont Botanical Gardens, offering a tranquil escape amidst nature.
The Benefits of Bridge Loans in Beaumont, Texas
