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Navigating the process of buying a new home in Refugio, 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 Refugio, TX or getting it ready for the market.
Identify the new home you want to buy in Refugio, 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 Refugio, 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 Refugio, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Refugio, 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 Refugio, 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 Refugio, 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 Refugio, 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 Refugio, 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 offer a crucial financial bridge for homeowners looking to purchase a new home before selling their current one in Refugio, Texas. These loans provide the flexibility and liquidity needed in a competitive real estate market, ensuring smoother transitions between properties. Refugio, Texas, a small town with a population of approximately 2,800, boasts a rich historical heritage, friendly community atmosphere, and easy access to coastal amenities. The demographics are characterized by a mix of Hispanic and Caucasian residents, creating a diverse and inclusive environment. The housing market in Refugio, Texas, is dynamic, with a range of property options available, from historic homes to modern developments. Bridge loans facilitate faster property acquisitions and help homeowners secure their dream homes amidst fluctuating market conditions, offering a strategic advantage in real estate transactions. Some main attractions in and around Refugio include the historic Refugio County Courthouse, beautiful outdoor spaces like Lions City Park, and proximity to the Gulf Coast for recreational activities. With the support of bridge loans, residents can fully enjoy the charm and convenience of living in Refugio, Texas.
Benefits of Bridge Loans in Refugio, Texas
