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Navigating the process of buying a new home in Donna, 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 Donna, TX or getting it ready for the market.
Identify the new home you want to buy in Donna, 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 Donna, 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 Donna, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Donna, 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 Donna, 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 Donna, 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 Donna, 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 Donna, 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!
Benefits Bridge loans offer quick access to funds enabling homeowners to purchase a new home before selling their current one. This prevents the need for contingent offers and allows for a smoother transition between properties. Demographics Donna, Texas, has a diverse population with a strong Hispanic influence. The city has a close-knit community with a focus on family values and cultural celebrations that showcase the rich heritage of its residents. Housing Market The housing market in Donna, Texas, is experiencing steady growth with affordable housing options available for first-time buyers and investors. The area offers a mix of suburban and rural living, making it an attractive location for those seeking a balance between city amenities and a quieter lifestyle. Main Attractions Donna, Texas, is home to the Donna Hooks Fletcher Historical Museum, where visitors can explore the history of the region. The city also hosts the annual Rio Grande Valley Livestock Show and Rodeo, a popular event that attracts visitors from across the state.
Benefits of Bridge Loans in Donna, Texas
