Get Approved at The Lowest Rate
Navigating the process of buying a new home in Progreso, 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 Progreso, TX or getting it ready for the market.
Identify the new home you want to buy in Progreso, 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 Progreso, 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 Progreso, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Progreso, 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 Progreso, 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 Progreso, 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 Progreso, 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 Progreso, 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 Progreso, Texas offer a quick and convenient financing solution for those looking to purchase a new home before selling their current one. These loans provide the flexibility to make a competitive offer on a new property without the contingency of selling the existing one first. Demographically, Progreso, Texas, is a vibrant community with a mix of Hispanic and White residents. The city has a strong sense of culture and community, making it an ideal place for families and individuals looking for a close-knit environment. As for the housing market in Progreso, Texas, it is characterized by affordable home prices compared to neighboring cities. The market is stable, with a range of housing options from single-family homes to townhouses, catering to different preferences and budgets. Main attractions in Progreso, Texas, include the Progreso International Bridge, connecting the city to Mexico and offering a unique cultural experience. Additionally, the city is known for its local eateries serving authentic Tex-Mex cuisine and its proximity to outdoor recreational areas for nature lovers.
Benefits of Bridge Loans in Progreso, Texas
