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Navigating the process of buying a new home in Port Mansfield, 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 Mansfield, TX or getting it ready for the market.
Identify the new home you want to buy in Port Mansfield, 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 Mansfield, 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 Mansfield, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Port Mansfield, 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 Mansfield, 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 Mansfield, 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 Mansfield, 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 Mansfield, 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 Port Mansfield, Texas offer a convenient financing option for individuals who need to close on a new home before selling their existing property. They provide short-term funding to cover the down payment on a new home, avoiding the need for a contingency sale. Demographics: Port Mansfield, Texas has a population of approximately 250 residents. The town is known for its fishing community and vibrant waterfront lifestyle. The majority of residents are retirees or those seeking a peaceful coastal living environment. Housing Market: The housing market in Port Mansfield is characterized by waterfront properties, offering stunning views of the Gulf of Mexico. The market is stable, with a mix of primary residences and vacation homes. Bridge loans facilitate quick property transactions and help buyers secure their dream homes. Main Attractions: Port Mansfield is a popular destination for fishing enthusiasts, with opportunities for deep-sea and bay fishing. The town also boasts beautiful beaches, nature trails, and water sports activities. The relaxed atmosphere and scenic beauty make it a sought-after location for both residents and visitors.
Bridge Loans in Port Mansfield, Texas
