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Navigating the process of buying a new home in San Benito, 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 Benito, TX or getting it ready for the market.
Identify the new home you want to buy in San Benito, 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 Benito, 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 Benito, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Benito, 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 Benito, 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 Benito, 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 Benito, 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 Benito, 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 Benito, Texas offer a flexible financing solution for homeowners looking to purchase a new home before selling their current one. These loans provide the necessary funds to bridge the gap between the sale of the existing property and the purchase of a new one, enabling smooth transitions without the need for contingency clauses. Demographics in San Benito, Texas paint a diverse and vibrant community. With a population of approximately 24,000 residents, the city boasts a rich cultural heritage, with a mix of Hispanic, Caucasian, and African American influences. The median household income is around $31,000, making it an affordable place to live. The housing market in San Benito offers a range of options for buyers and sellers alike. The median home value in the city is around $85,000, making it an attractive location for first-time homebuyers and real estate investors. With a stable market and opportunities for growth, San Benito presents a promising investment landscape. Main attractions in San Benito include the picturesque Heavin Resaca Trail Park, known for its scenic walking trails and birdwatching opportunities. The city is also home to the Texas Conjunto Music Hall of Fame & Museum, celebrating the rich musical heritage of the region. Additionally, the San Benito Cultural Heritage Museum offers insights into the local history and culture.
Benefits of Bridge Loans in San Benito, Texas
