Get Approved at The Lowest Rate
Navigating the process of buying a new home in Salado, 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 Salado, TX or getting it ready for the market.
Identify the new home you want to buy in Salado, 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 Salado, 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 Salado, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Salado, 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 Salado, 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 Salado, 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 Salado, 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 Salado, 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 Salado, Texas offers numerous benefits to individuals and businesses. These short-term loans provide quick access to funds, allowing borrowers to seize time-sensitive opportunities such as purchasing a new property before selling their current one. They offer flexibility in repayment terms and can be instrumental in overcoming financial gaps during transitional periods. Salado, Texas, with a population of around 2,500, is a charming village known for its historic Main Street lined with boutique shops and local eateries. The community has a diverse demographic mix, with a median household income above the national average. This makes Salado an attractive location for both residents and businesses seeking a vibrant yet peaceful environment. The housing market in Salado, Texas, is thriving, with a steady increase in property values over recent years. The average home price is competitive compared to neighboring areas, making it an appealing option for homebuyers. Bridge loans provide buyers with the flexibility to secure their dream home in this growing market while awaiting the sale of their existing property. Salado boasts several main attractions, including the renowned Salado Creek, perfect for outdoor activities like fishing and hiking. The historic Salado Civic Center and the picturesque Salado Sculpture Garden attract tourists and locals alike, showcasing the town's rich cultural heritage and artistic community.
Bridge Loans in Salado, Texas: Bridging Your Financial Needs
