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Navigating the process of buying a new home in San Angelo, 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 San Angelo, TX or getting it ready for the market.
Identify the new home you want to buy in San Angelo, 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 San Angelo, 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 San Angelo, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Angelo, 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 San Angelo, 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 San Angelo, 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 San Angelo, 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 San Angelo, 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!
Benefits of Bridge Loans: Bridge loans offer a convenient and flexible financing option for individuals looking to bridge the gap between the purchase of a new home and the sale of their current one. They provide quick access to funds, allowing homeowners to make a competitive offer on a new property without having to wait for their existing home to sell. Demographics: San Angelo, Texas, is a vibrant city with a population of around 100,000 people. The city boasts a diverse community, with a mix of young professionals, families, and retirees. The cost of living is relatively low compared to other cities in Texas, making it an attractive location for individuals looking to settle down. Housing Market: The housing market in San Angelo is thriving, with a variety of housing options available to suit different budgets and preferences. The median home price is around $200,000, making it an affordable place to buy property. The market is competitive, with homes selling quickly, making bridge loans a valuable tool for buyers looking to secure their dream home. Main Attractions: San Angelo is known for its beautiful parks, cultural attractions, and outdoor recreational opportunities. Visitors and residents alike can enjoy exploring the Concho River Walk, visiting the San Angelo Museum of Fine Arts, and attending events at the historic Fort Concho. The city's diverse dining scene and vibrant art community add to its appeal as a desirable place to live and visit.
Benefits of Bridge Loans in San Angelo, Texas
