Get Approved at The Lowest Rate
Navigating the process of buying a new home in Mcallen, 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 Mcallen, TX or getting it ready for the market.
Identify the new home you want to buy in Mcallen, 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 Mcallen, 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 Mcallen, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mcallen, 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 Mcallen, 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 Mcallen, 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 Mcallen, 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 Mcallen, 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 Mcallen, Texas offer a solution for homeowners to secure financing quickly to bridge the gap between the purchase of a new home and the sale of the current one. This type of loan provides flexibility, enabling individuals to move into their new homes without the stress of waiting for their old property to sell. McAllen, Texas, is a city known for its diverse population, rich culture, and thriving economy. With a population of over 140,000 residents, McAllen boasts a blend of Mexican-American heritage, reflected in its vibrant arts scene and delicious cuisine. The housing market in McAllen is robust, offering a variety of options for individuals looking to buy or sell properties. The city has seen steady growth in home values, making it an attractive location for real estate investments. With the help of bridge loans, buyers can take advantage of the competitive market and secure their dream homes quickly. Main attractions in McAllen include the stunning Quinta Mazatlan, a historical adobe mansion surrounded by beautiful gardens, and the McAllen Nature Center, a haven for outdoor enthusiasts. The city also features the La Plaza Mall, a shopping destination with a range of stores and restaurants for visitors to enjoy.
Benefits of Bridge Loans in Mcallen, Texas
