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Navigating the process of buying a new home in Castroville, 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 Castroville, TX or getting it ready for the market.
Identify the new home you want to buy in Castroville, 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 Castroville, 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 Castroville, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Castroville, 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 Castroville, 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 Castroville, 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 Castroville, 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 Castroville, 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 Castroville, Texas offer a convenient financing option for individuals looking to purchase a new home before selling their current one. This type of loan provides short-term funding to bridge the gap between the purchase of the new property and the sale of the existing one. Demographically, Castroville is a charming small town located in Texas, with a population of around 3,000 people. The community is known for its rich history, friendly locals, and strong sense of community spirit. Residents enjoy a peaceful small-town lifestyle while still being within easy reach of the amenities of larger cities. In terms of the housing market, Castroville provides a range of housing options, from historic homes with character to modern properties with all the latest amenities. The market is stable, with moderate prices compared to nearby urban areas, making it an attractive location for those seeking a balance between affordability and quality of life. Some main attractions in Castroville include the historic Alsatian architecture found throughout the town, the Medina River for outdoor activities like fishing and kayaking, and the Castroville Regional Park with its scenic trails and picnic spots.
The Benefits of Bridge Loans in Castroville, Texas
