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Navigating the process of buying a new home in Penitas, 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 Penitas, TX or getting it ready for the market.
Identify the new home you want to buy in Penitas, 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 Penitas, 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 Penitas, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Penitas, 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 Penitas, 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 Penitas, 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 Penitas, 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 Penitas, 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 Penitas, Texas offer a vital financial bridge to homeowners, allowing them to purchase a new home before selling their current one. This flexibility streamlines the home buying process without the need to wait for the sale of the existing property. Demographics: Penitas, Texas, boasts a diverse population with a mix of cultures, including a significant Hispanic community. The city has a strong sense of community spirit and offers a range of amenities such as schools, parks, and recreational facilities, making it an attractive place to live for families and individuals alike. Housing Market: The housing market in Penitas is dynamic, with a variety of housing options from single-family homes to townhouses. Bridge loans can be particularly beneficial in a competitive market, allowing buyers to act quickly and secure their dream home. Main Attractions: Penitas is known for its natural beauty, with proximity to the Rio Grande offering stunning views and outdoor recreational activities. The city is also home to cultural attractions, shopping centers, and local dining spots, providing residents with a vibrant and enriching lifestyle.
The Benefits of Bridge Loans in Penitas, Texas
