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Navigating the process of buying a new home in Presidio, 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 Presidio, TX or getting it ready for the market.
Identify the new home you want to buy in Presidio, 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 Presidio, 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 Presidio, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Presidio, 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 Presidio, 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 Presidio, 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 Presidio, 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 Presidio, 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 Presidio offer quick access to funds to bridge the gap between the purchase of a new property and the sale of an existing one. This helps homeowners secure their dream homes without waiting for their current property to sell. Presidio, Texas, with a population of approximately 4,000, boasts a diverse community with a rich cultural heritage. The population is a mix of Hispanic, Caucasian, and Native American residents, creating a unique blend of traditions and values. The housing market in Presidio is stable, with a reasonable cost of living compared to other parts of Texas. The median home price is affordable, making it an attractive option for first-time homebuyers and those looking to invest in real estate. Main attractions in Presidio include the stunning beauty of Big Bend National Park, offering outdoor enthusiasts a paradise for hiking, camping, and stargazing. The nearby Rio Grande River also provides opportunities for water activities and relaxation in a picturesque setting.
The Benefits of Bridge Loans in Presidio, Texas
