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Navigating the process of buying a new home in Palacios, 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 Palacios, TX or getting it ready for the market.
Identify the new home you want to buy in Palacios, 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 Palacios, 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 Palacios, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Palacios, 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 Palacios, 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 Palacios, 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 Palacios, 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 Palacios, 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!
Benefits of Bridge Loans: Bridge loans in Palacios, Texas, offer quick financing solutions to bridge the gap between the purchase of a new property and the sale of an existing one. They provide flexibility and convenience to homeowners, enabling them to secure their dream home without waiting for their current property to sell. Demographics: Palacios, Texas, has a diverse population with a strong sense of community. The town is known for its welcoming atmosphere and friendly residents. The demographics include a mix of families, retirees, and young professionals, creating a vibrant and inclusive community. Housing Market: Palacios offers a range of housing options, from cozy waterfront cottages to modern family homes. The housing market is stable, with competitive prices and a variety of properties to choose from. Whether you are looking for a waterfront retreat or a suburban oasis, Palacios has something for everyone. Main Attractions: Palacios boasts beautiful beaches, scenic parks, and a rich cultural heritage. Visitors can enjoy fishing, boating, and birdwatching along the coast, or explore the town's historic sites and local shops. With its small-town charm and natural beauty, Palacios is a hidden gem waiting to be discovered.
Bridge Loans Benefits in Palacios, Texas
