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Navigating the process of buying a new home in Collegeport, 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 Collegeport, TX or getting it ready for the market.
Identify the new home you want to buy in Collegeport, 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 Collegeport, 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 Collegeport, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Collegeport, 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 Collegeport, 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 Collegeport, 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 Collegeport, 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 Collegeport, 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 a valuable financing option for Collegeport residents looking to purchase a new home before selling their current one. This type of loan provides short-term funds to cover the down payment and closing costs until the existing property is sold. Demographics: Collegeport is a small town located in Matagorda County, Texas. The population is around 300 residents, with a mix of families, young professionals, and retirees. The town has a tight-knit community feel with a focus on education and outdoor activities. Housing Market: The housing market in Collegeport is stable, with a mix of single-family homes and some rental properties. The median home price is affordable, making it an attractive location for first-time home buyers and those looking for a peaceful community. Main Attractions: Collegeport offers a range of outdoor activities, including fishing, boating, and hiking. The town is also known for its historic sites, such as the Collegeport Plantation House and the Matagorda County Birding Nature Center.
Benefits of Bridge Loans in Collegeport, Texas
