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Navigating the process of buying a new home in Hidalgo, 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 Hidalgo, TX or getting it ready for the market.
Identify the new home you want to buy in Hidalgo, 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 Hidalgo, 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 Hidalgo, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hidalgo, 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 Hidalgo, 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 Hidalgo, 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 Hidalgo, 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 Hidalgo, 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 Hidalgo, Texas offer a flexible financing solution for residents looking to purchase a new home before selling their current one. These loans provide the opportunity to bridge the financial gap between the purchase of a new property and the sale of an existing one, avoiding the need to make a contingent offer. Hidalgo, Texas, with a population of X, boasts a diverse demographic makeup, with a mix of Hispanic, Caucasian, and other ethnicities contributing to its vibrant culture. The median household income is $XX,XXX, and the median property value is $XXX,XXX, making it an attractive location for homebuyers seeking affordable housing options. The housing market in Hidalgo, Texas, is currently experiencing steady growth, with an increase in new construction projects and rising property values. The median price of homes has seen a X% year-over-year increase, indicating a favorable market for sellers. Bridge loans can help buyers take advantage of these market conditions. Hidalgo, Texas, is home to various attractions, including the Hidalgo Pumphouse Museum, the World Birding Center, and the border town of Reynosa, Mexico, just a short drive away. Residents can also enjoy the close proximity to the Rio Grande River and the vibrant local food scene.
Benefits of Bridge Loans in Hidalgo, Texas
