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Navigating the process of buying a new home in Buda, 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 Buda, TX or getting it ready for the market.
Identify the new home you want to buy in Buda, 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 Buda, 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 Buda, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Buda, 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 Buda, 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 Buda, 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 Buda, 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 Buda, 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 can be a valuable financing option for individuals in Buda, Texas looking to purchase a new home before selling their current one. These short-term loans provide the necessary funds to secure a new property while waiting for the sale of the existing one, preventing the need to miss out on a dream home. Demographically, Buda, Texas is a growing city with a population known for its diversity and community spirit. The median age is relatively young, with a mix of families, young professionals, and retirees. The city's growth is attributed to its affordable housing options, good schools, and proximity to Austin. In terms of the housing market, Buda offers a range of housing options from single-family homes to apartments, catering to different preferences and budgets. With a steady demand for housing, property values have been appreciating, making it an attractive location for real estate investment or settling down. Some of the main attractions in Buda include the Historic Stagecoach Park, known for its trails and picnicking spots, and the annual Buda County Fair which celebrates the city's heritage. Residents also enjoy easy access to outdoor activities like hiking, biking, and water sports along the nearby rivers.
Benefits of Bridge Loans in Buda, Texas
