Get Approved at The Lowest Rate
Navigating the process of buying a new home in San Antonio, 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 Antonio, TX or getting it ready for the market.
Identify the new home you want to buy in San Antonio, 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 Antonio, 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 Antonio, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Antonio, 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 Antonio, 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 Antonio, 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 Antonio, 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 Antonio, 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 in San Antonio, Texas offer a valuable financing solution for individuals looking to purchase a new home before selling their current one. These short-term loans provide flexibility and convenience by bridging the gap between the sale of the existing home and the purchase of a new one, allowing homeowners to secure their dream home without the stress of timing the transactions. Demographically, San Antonio is a diverse city with a rich cultural heritage. The population is a mix of various ethnicities, with a growing number of young professionals and families attracted to the area due to its affordable cost of living compared to other major cities in Texas. The housing market in San Antonio is robust, offering a variety of housing options to suit different preferences and budgets. The city has seen steady growth in home prices over the years, making it an attractive location for both first-time homebuyers and real estate investors. Bridge loans play a crucial role in facilitating these transactions by providing buyers with the necessary funds to secure properties in competitive markets. San Antonio boasts a range of attractions, from historic sites like The Alamo and the River Walk to family-friendly destinations like the San Antonio Zoo and Six Flags Fiesta Texas. The city's vibrant arts and culinary scenes, coupled with its pleasant climate, make it a desirable place to live and visit for individuals of all ages.
Benefits of Bridge Loans in San Antonio, Texas
