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Navigating the process of buying a new home in Santa Maria, 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 Santa Maria, TX or getting it ready for the market.
Identify the new home you want to buy in Santa Maria, 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 Santa Maria, 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 Santa Maria, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Santa Maria, 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 Santa Maria, 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 Santa Maria, 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 Santa Maria, 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 Santa Maria, 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!
Benefits: Bridge loans in Santa Maria, Texas provide a flexible financing option for homeowners looking to purchase a new home before selling their current one. This type of loan can help bridge the financial gap between the sale of the existing property and the purchase of a new one, allowing for a smoother transition without the need to wait for the current home to sell. Demographics: Santa Maria, Texas, is a diverse community with a growing population. The majority of residents are families with children, and the area boasts a thriving local economy with a mix of blue-collar and white-collar jobs. Housing Market: The housing market in Santa Maria is vibrant, with a range of housing options available to suit different needs and budgets. The median home price in the area is competitive, making it an attractive location for first-time homebuyers and those looking to upgrade. Main Attractions: Santa Maria offers a variety of attractions for residents and visitors alike, including beautiful parks, recreational facilities, and vibrant local shops and restaurants. The town's close-knit community and welcoming atmosphere make it a desirable place to live and visit.
Benefits of Bridge Loans in Santa Maria, Texas
