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Navigating the process of buying a new home in South Bend, 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 South Bend, TX or getting it ready for the market.
Identify the new home you want to buy in South Bend, 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 South Bend, 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 South Bend, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in South Bend, 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 South Bend, 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 South Bend, 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 South Bend, 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 South Bend, 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 of Bridge Loans: Bridge loans in South Bend, Texas offer a way for individuals to finance the purchase of a new home before selling their existing property. This provides flexibility and allows for smoother transitions when moving. Demographics: South Bend, Texas, is a diverse community with a mix of families, young professionals, and retirees. The population is known for its close-knit feel and welcoming atmosphere, making it an ideal place for those looking for a sense of community. Housing Market: The housing market in South Bend is thriving, with a range of options available for buyers. From cozy apartments to spacious single-family homes, there is something for everyone. Bridge loans can help potential buyers take advantage of the current market conditions. Main Attractions: South Bend boasts a variety of attractions, from beautiful parks and outdoor recreational areas to charming local shops and restaurants. Residents can enjoy a high quality of life with access to cultural events and a vibrant social scene.
Bridge Loans in South Bend, Texas
