Get Approved at The Lowest Rate
Navigating the process of buying a new home in Del Rio, 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 Del Rio, TX or getting it ready for the market.
Identify the new home you want to buy in Del Rio, 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 Del Rio, 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 Del Rio, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Del Rio, 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 Del Rio, 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 Del Rio, 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 Del Rio, 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 Del Rio, 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 Del Rio, Texas offer numerous advantages to homebuyers, providing a temporary financing solution that bridges the gap between the purchase of a new home and the sale of an existing property. This type of loan can help buyers secure their dream home without having to wait for their current one to sell, offering flexibility in a competitive housing market. Del Rio, Texas, with a population of approximately 36,000, boasts a diverse demographic mix that includes young families, professionals, and retirees. The city's median household income is $43,000, with a cost of living index lower than the national average, making it an attractive location for potential homebuyers seeking affordability and a strong sense of community. The housing market in Del Rio, Texas, is dynamic and offers a range of residential options to suit different preferences and budgets. With a median home price of $150,000, the market is relatively stable, presenting opportunities for both buyers and sellers. The city has seen steady growth in property values, making it an appealing investment destination for individuals looking to enter the real estate market. Del Rio, Texas, is home to several main attractions that draw tourists and residents alike. The city's proximity to the pristine waters of Lake Amistad offers outdoor enthusiasts opportunities for fishing, boating, and water sports. Additionally, the Val Verde Winery, one of the oldest wineries in Texas, provides a unique experience for wine connoisseurs. Del Rio's vibrant cultural scene, rich history, and scenic landscapes make it a desirable place to call home.
Bridge Loans in Del Rio, Texas
