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Navigating the process of buying a new home in Marathon, 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 Marathon, TX or getting it ready for the market.
Identify the new home you want to buy in Marathon, 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 Marathon, 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 Marathon, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Marathon, 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 Marathon, 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 Marathon, 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 Marathon, 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 Marathon, 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 Marathon, Texas offer a valuable financial solution for individuals looking to purchase a new property before selling their existing one. These short-term loans bridge the gap between the sale of the current property and the purchase of a new one, providing flexibility and convenience to homeowners. Demographically, Marathon is a small town located in Brewster County, Texas, with a population of approximately 400 residents. The town boasts a close-knit community feel, making it an ideal place for those seeking a peaceful and laid-back lifestyle. In terms of the housing market, Marathon offers diverse options ranging from historic homes to modern properties. The market is currently stable, with a steady demand for both residential and vacation homes, making it an attractive location for real estate investment. Marathon is known for its breathtaking natural beauty and outdoor recreational activities. Visitors can explore Big Bend National Park, experience stargazing at the McDonald Observatory, and enjoy hiking, birdwatching, and camping in the surrounding area.
The Benefits of Bridge Loans in Marathon, Texas
