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Navigating the process of buying a new home in San Diego, 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 Diego, TX or getting it ready for the market.
Identify the new home you want to buy in San Diego, 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 Diego, 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 Diego, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Diego, 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 Diego, 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 Diego, 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 Diego, 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 Diego, 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 Diego, Texas offer a convenient financing solution for individuals looking to purchase a new home before selling their existing one. These loans provide short-term funding to bridge the gap between the purchase of a new property and the sale of the current one, enabling homeowners to move swiftly without waiting for their current home to sell. Demographics: San Diego, Texas, is a small yet vibrant community with a population of around 4,000 residents. The town boasts a diverse demographic mix, including young families, professionals, and retirees, creating a dynamic and welcoming atmosphere. The town's close-knit community and rich cultural diversity make it an attractive place to live. Housing Market: The housing market in San Diego, Texas, is characterized by a range of housing options, from quaint historic homes to modern developments. The market is relatively stable, with steady appreciation in home values over the years. Bridge loans can be particularly advantageous in this market, allowing buyers to secure their dream home without the stress of timing the sale of their current property. Main Attractions: San Diego, Texas, offers a variety of attractions, including picturesque parks, historic sites, and vibrant local eateries. The town's beautiful natural surroundings, such as the nearby river and parks, provide ample opportunities for outdoor recreation and relaxation. Residents also enjoy easy access to shopping centers, cultural events, and community festivals that showcase the town's charm and spirit.
The Benefits of Bridge Loans in San Diego, Texas
