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Navigating the process of buying a new home in Galveston, 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 Galveston, TX or getting it ready for the market.
Identify the new home you want to buy in Galveston, 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 Galveston, 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 Galveston, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Galveston, 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 Galveston, 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 Galveston, 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 Galveston, 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 Galveston, 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 of Bridge Loans: Bridge loans in Galveston, Texas offer a quick and convenient way for homeowners to finance the purchase of a new home before selling their current property. This can help avoid the stress and hassle of coordinating sale and purchase closings. Demographics: Galveston, Texas has a diverse population of around 50,000 residents, with a mix of young professionals, families, and retirees. The city's rich history and culture attract visitors and residents alike. Housing Market: The housing market in Galveston, Texas is vibrant, with a range of property types including historic homes, beachfront condos, and modern developments. Bridge loans can offer flexibility in purchasing these properties without delays. Main Attractions: Galveston is known for its beautiful beaches, historic Strand district, Galveston Island Historic Pleasure Pier, and Moody Gardens. These attractions make it a popular destination for tourists and a desirable place to live for residents.
Benefits of Bridge Loans in Galveston, Texas
