Get Approved at The Lowest Rate
Navigating the process of buying a new home in San Marcos, 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 Marcos, TX or getting it ready for the market.
Identify the new home you want to buy in San Marcos, 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 Marcos, 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 Marcos, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Marcos, 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 Marcos, 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 Marcos, 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 Marcos, 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 Marcos, 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 Marcos, Texas offer individuals a convenient way to secure financing for a new home purchase before selling their existing property. This type of loan bridges the financial gap between the sale of one property and the purchase of another, providing flexibility and peace of mind during the transition period. Demographics: San Marcos, Texas, is a diverse and vibrant city known for its youthful population due to the presence of Texas State University. The city boasts a mix of students, families, and professionals, creating a dynamic community with various cultural influences and a range of local businesses and amenities to cater to different demographics. Housing Market: The housing market in San Marcos, Texas, is characterized by a steady demand for housing due to the city's growing population and economic opportunities. Bridge loans play a crucial role in facilitating real estate transactions by providing buyers with the necessary funds to secure properties in competitive markets and take advantage of favorable opportunities in the area. Main Attractions: San Marcos, Texas, offers a variety of attractions for residents and visitors alike, including the scenic San Marcos River for outdoor activities, the historic downtown area with quaint shops and restaurants, and proximity to popular destinations like the Texas Hill Country and Austin, making it an ideal location for those seeking a balance between urban conveniences and natural beauty.
Benefits of Bridge Loans in San Marcos, Texas
