Get Approved at The Lowest Rate
Navigating the process of buying a new home in Spring Branch, 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 Spring Branch, TX or getting it ready for the market.
Identify the new home you want to buy in Spring Branch, 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 Spring Branch, 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 Spring Branch, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Spring Branch, 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 Spring Branch, 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 Spring Branch, 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 Spring Branch, 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 Spring Branch, 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 Spring Branch, Texas provide borrowers with short-term financing to bridge the gap between the purchase of a new home and the sale of their current property. This can be advantageous as it allows homeowners to quickly move into a new home without being contingent on selling their existing one. Spring Branch, Texas, with a population of approximately 2500, is a charming small town located in the heart of the Texas Hill Country. Known for its scenic beauty, Spring Branch offers a mix of rural and suburban living, making it an attractive place for families and retirees alike. The housing market in Spring Branch is robust, with a median home value of $350,000. The market is competitive, with properties often selling quickly. Bridge loans can give buyers a competitive edge by providing the necessary funds to secure a new home before selling their old one. Some main attractions in Spring Branch include the Guadalupe River State Park, offering outdoor recreational activities such as hiking, camping, and fishing. The town also boasts excellent schools, a vibrant community, and easy access to nearby cities like San Antonio and Austin.
Benefits of Bridge Loans in Spring Branch, Texas
