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Navigating the process of buying a new home in Port Bolivar, 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 Port Bolivar, TX or getting it ready for the market.
Identify the new home you want to buy in Port Bolivar, 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 Port Bolivar, 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 Port Bolivar, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Port Bolivar, 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 Port Bolivar, 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 Port Bolivar, 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 Port Bolivar, 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 Port Bolivar, 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 can be incredibly beneficial for residents of Port Bolivar, Texas. These short-term loans help homeowners bridge the gap between the purchase of a new home and the sale of their current one. This is particularly advantageous in a competitive real estate market like Port Bolivar, where securing a new home quickly can be crucial. Port Bolivar is a vibrant coastal community located on the northern tip of the Bolivar Peninsula. With a population of around 2,000 residents, the area offers a close-knit community feel. The demographics skew towards a mix of retirees, working professionals, and vacation homeowners, creating a diverse and welcoming atmosphere. The housing market in Port Bolivar is currently experiencing steady growth. The demand for waterfront properties and beachfront homes is high, making it an attractive location for real estate investment. With the help of bridge loans, residents can take advantage of these opportunities and secure their dream home without delays. Aside from its real estate appeal, Port Bolivar boasts a range of main attractions. From the historic Bolivar Lighthouse to the serene beaches of Crystal Beach, there is no shortage of activities for residents and visitors alike. Fishing, birdwatching, and water sports are popular pastimes in this picturesque coastal town.
Benefits of Bridge Loans in Port Bolivar, Texas
