Get Approved at The Lowest Rate
Navigating the process of buying a new home in Sabinal, 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 Sabinal, TX or getting it ready for the market.
Identify the new home you want to buy in Sabinal, 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 Sabinal, 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 Sabinal, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sabinal, 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 Sabinal, 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 Sabinal, 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 Sabinal, 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 Sabinal, 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 Sabinal, Texas offers numerous benefits for homebuyers. One of the main advantages is the ability to secure financing quickly, allowing individuals to purchase a new home before selling their current one. This can be especially helpful in competitive real estate markets where timing is crucial. In terms of demographics, Sabinal, Texas has a population of around 1,700 residents. The town is known for its tight-knit community and friendly atmosphere, making it an ideal place for families looking to settle down. The median household income in Sabinal is $38,000. The housing market in Sabinal is relatively stable with a median home value of $120,000. Bridge loans can help buyers take advantage of this market by providing the necessary funds to make a competitive offer on a property. Additionally, Sabinal offers a variety of housing options, from quaint historic homes to modern developments. Some main attractions in Sabinal include the Sabinal River, which provides opportunities for fishing and outdoor recreation. The town is also home to several parks and green spaces, perfect for family outings and picnics. Additionally, Sabinal hosts annual events such as the Sabinal Rodeo, showcasing the town's rich cultural heritage.
Benefits of Bridge Loans in Sabinal, Texas
