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Navigating the process of buying a new home in Rockport, 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 Rockport, TX or getting it ready for the market.
Identify the new home you want to buy in Rockport, 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 Rockport, 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 Rockport, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rockport, 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 Rockport, 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 Rockport, 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 Rockport, 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 Rockport, 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!
A bridge loan in Rockport, Texas, offers numerous benefits to homeowners and property investors. One major advantage is the ability to access quick financing to bridge the gap between the purchase of a new property and the sale of an existing one. This can help avoid delays in real estate transactions, providing flexibility and peace of mind during the transition period. Demographically, Rockport, Texas, is a picturesque coastal town known for its vibrant art scene, rich history, and welcoming community. The population consists of a mix of retirees, families, and young professionals, creating a diverse and inclusive environment. With its mild climate and scenic waterfront location, Rockport attracts visitors and residents alike. The housing market in Rockport, Texas, offers a variety of options for buyers and investors. From charming waterfront cottages to modern condominiums, the real estate market caters to different preferences and budgets. The area has seen steady growth in property values, making it a promising location for long-term investments.
Benefits of Bridge Loans in Rockport, Texas
