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Navigating the process of buying a new home in Portland, 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 Portland, TX or getting it ready for the market.
Identify the new home you want to buy in Portland, 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 Portland, 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 Portland, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Portland, 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 Portland, 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 Portland, 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 Portland, 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 Portland, 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 Portland, Texas offer a valuable financing option for individuals looking to purchase a new property before selling their existing one. These loans provide quick access to funds, enabling buyers to bridge the gap between the purchase of a new home and the sale of their current one. Demographics in Portland, Texas showcase a vibrant community with a mix of young families and professionals. The city boasts a growing population attracted by its proximity to major urban centers like Corpus Christi and its strong job market in industries such as manufacturing and logistics. The housing market in Portland, Texas is robust, with a diverse range of properties available to suit different budgets and preferences. The city offers a mix of single-family homes, townhouses, and condos, providing ample choices for buyers looking to settle in this thriving community. Main attractions in Portland, Texas include the scenic Indian Point Park, perfect for outdoor enthusiasts, and the popular Sunset Lake Park, ideal for picnics and relaxation. The city also features a vibrant downtown area with local shops and restaurants, contributing to its charming appeal.
Benefits of Bridge Loans in Portland, Texas
