Get Approved at The Lowest Rate
Navigating the process of buying a new home in Encinal, 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 Encinal, TX or getting it ready for the market.
Identify the new home you want to buy in Encinal, 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 Encinal, 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 Encinal, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Encinal, 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 Encinal, 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 Encinal, 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 Encinal, 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 Encinal, 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 Encinal, Texas offer numerous advantages to homebuyers. They provide short-term financing that allows buyers to bridge the gap between the purchase of a new home and the sale of their existing one. This can prevent delays in moving and offer flexibility in real estate transactions. Demographics: Encinal, Texas, has a diverse population with a mix of young families, professionals, and retirees. The town enjoys a close-knit community feel and a relatively low cost of living compared to larger urban areas. Housing Market: The housing market in Encinal is stable, with a mix of single-family homes, townhouses, and apartments. The median home price is affordable, making it an attractive option for first-time buyers and those looking to invest in real estate. Main Attractions: Encinal offers a range of attractions, including parks, local shops, and restaurants showcasing the town's unique culture and history. Outdoor enthusiasts can enjoy activities such as hiking, fishing, and camping in the surrounding natural areas.
Benefits of Bridge Loans in Encinal, Texas
