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Navigating the process of buying a new home in Hondo, 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 Hondo, TX or getting it ready for the market.
Identify the new home you want to buy in Hondo, 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 Hondo, 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 Hondo, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hondo, 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 Hondo, 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 Hondo, 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 Hondo, 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 Hondo, 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 Hondo, Texas provide a valuable financial tool for residents and investors. They offer quick access to funds while waiting for a property sale, enabling the purchase of a new property or meeting financial needs during a transition period. Hondo, Texas, located in Medina County, has a population of approximately 9,000 residents. The area boasts a diverse community with a mix of families, young professionals, and retirees. The town offers a suburban feel with a strong sense of community and access to nearby urban amenities. The housing market in Hondo, Texas, is vibrant with a range of housing options including single-family homes, ranch-style properties, and new developments. The market is characterized by affordability and the opportunity for real estate appreciation, making it an attractive location for buyers and investors looking for value and growth potential. Main attractions in Hondo include the Hondo Creek and Medina County Museum, offering a glimpse into the area's rich history. Outdoor enthusiasts can enjoy activities such as hiking, fishing, and birdwatching in the nearby parks and natural areas, providing a peaceful retreat from city life.
Benefits of Bridge Loans in Hondo, Texas
