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Navigating the process of buying a new home in Benavides, 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 Benavides, TX or getting it ready for the market.
Identify the new home you want to buy in Benavides, 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 Benavides, 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 Benavides, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Benavides, 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 Benavides, 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 Benavides, 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 Benavides, 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 Benavides, 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 Benavides, Texas offer flexible financing options for homeowners looking to purchase a new home before selling their current one. These short-term loans provide quick access to funds, bridging the financial gap between the purchase and sale of properties. Located in Duval County, Benavides boasts a diverse population with a mix of Hispanic, Caucasian, and Native American residents. The town enjoys a close-knit community atmosphere, making it an inviting place for families and retirees alike. The housing market in Benavides is characterized by a range of affordable homes, from traditional single-family houses to modern apartments. With a lower cost of living compared to larger cities, Benavides presents an attractive option for those seeking a quieter lifestyle. Benavides is known for its rich cultural heritage, offering visitors a glimpse into the town's history through attractions like the Benavides Museum and Veterans Memorial, which honor local heroes and preserve the town's legacy. Additionally, outdoor enthusiasts can explore the nearby Los Olmos Creek Park for recreational activities.
Benefits of Bridge Loans in Benavides, Texas