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Navigating the process of buying a new home in Pharr, 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 Pharr, TX or getting it ready for the market.
Identify the new home you want to buy in Pharr, 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 Pharr, 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 Pharr, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pharr, 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 Pharr, 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 Pharr, 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 Pharr, 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 Pharr, 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 Pharr, Texas offer quick access to funds for individuals looking to purchase a new property before selling their current one. These loans provide financial flexibility and help bridge the gap between buying and selling, avoiding potential delays in securing a new home. Demographics: Pharr, Texas, is a diverse community with a mix of Hispanic, White, and other ethnicities. The city has a growing population, with a median age of around 29 years old. The city's residents enjoy a warm climate and a strong sense of community. Housing Market: The housing market in Pharr, Texas, is vibrant, with a range of affordable options available to potential buyers. The city offers a mix of single-family homes, condominiums, and apartments, catering to different preferences and budgets. The market is competitive, making bridge loans a useful tool for buyers. Main Attractions: Pharr, Texas, boasts attractions such as the Pharr Events Center, which hosts various events and activities throughout the year. The city is also known for its parks and recreational facilities, providing residents with plenty of outdoor entertainment options. Additionally, Pharr is located near the Rio Grande Valley, offering access to natural beauty and cultural experiences.
Bridge Loans in Pharr, Texas