Get Approved at The Lowest Rate
Navigating the process of buying a new home in Sonora, 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 Sonora, TX or getting it ready for the market.
Identify the new home you want to buy in Sonora, 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 Sonora, 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 Sonora, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sonora, 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 Sonora, 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 Sonora, 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 Sonora, 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 Sonora, 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 offer numerous benefits for individuals in Sonora, Texas. These short-term loans provide quick access to funds for purchasing a new home without having to sell the current property first. This can be especially advantageous in a competitive real estate market like Sonora, enabling buyers to act fast and secure their dream home. Sonora, Texas, is a vibrant community with a population that primarily consists of families and young professionals. The town boasts a diverse demographic mix, with a strong sense of community and excellent schools, making it an ideal location for families looking to settle down. In terms of the housing market, Sonora offers a range of options from historic homes to modern developments. The market is stable, with steady appreciation rates, making it a sound investment opportunity for those looking to buy property in the area. Sonora is also known for its natural beauty and outdoor recreational activities. From the picturesque Caverns of Sonora to the scenic Hill Country landscapes, there are plenty of attractions for nature lovers and outdoor enthusiasts to enjoy.
Bridge Loans in Sonora, Texas
