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Navigating the process of buying a new home in San Augustine, 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 Augustine, TX or getting it ready for the market.
Identify the new home you want to buy in San Augustine, 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 Augustine, 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 Augustine, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Augustine, 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 Augustine, 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 Augustine, 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 Augustine, 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 Augustine, 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 provide borrowers with the flexibility to purchase a new home before selling their existing one. In San Augustine, Texas, this is particularly advantageous as it allows homeowners to capitalize on the competitive housing market without delay. The demographics of San Augustine showcase a close-knit community with a population of around 2,100 residents. The town boasts a rich history, with a blend of diverse cultural influences, making it an attractive place for families and individuals seeking a welcoming environment. The housing market in San Augustine is characterized by a variety of affordable options, from historic homes to modern developments. Bridge loans can expedite the homebuying process, giving buyers a competitive edge in this bustling market. San Augustine is home to several main attractions, such as the Mission Dolores State Historic Site and the Augus Theater. Nature lovers can explore the picturesque Lake Sam Rayburn or enjoy hiking and camping in the nearby Angelina National Forest.
Benefits of Bridge Loans in San Augustine, Texas
