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Navigating the process of buying a new home in Los Fresnos, 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 Los Fresnos, TX or getting it ready for the market.
Identify the new home you want to buy in Los Fresnos, 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 Los Fresnos, 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 Los Fresnos, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Los Fresnos, 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 Los Fresnos, 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 Los Fresnos, 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 Los Fresnos, 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 Los Fresnos, 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 Los Fresnos, Texas offer numerous advantages for homebuyers. They provide short-term financing to bridge the gap between the purchase of a new home and the sale of the current one. This flexibility allows buyers to secure their dream home without being contingent on selling their existing property. Demographically, Los Fresnos boasts a diverse community with a population of approximately 7,000 residents. The town is known for its family-friendly environment, low crime rates, and strong sense of community spirit. The area's residents enjoy a comfortable suburban lifestyle with access to good schools and local amenities. In terms of the housing market, Los Fresnos offers a range of housing options, from cozy single-family homes to spacious estates. The real estate market is relatively stable with moderate home prices, making it an attractive location for both first-time buyers and investors. Bridge loans can be particularly helpful in such markets to facilitate timely property acquisitions. Some main attractions in Los Fresnos include the Laguna Atascosa National Wildlife Refuge, a haven for birdwatching and nature enthusiasts, and the Los Fresnos Rodeo, a popular event celebrating the town's rich cowboy heritage. Additionally, the town's proximity to South Padre Island provides residents with easy access to beautiful beaches and recreational activities.
Benefits of Bridge Loans in Los Fresnos, Texas
