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Navigating the process of buying a new home in Terlingua, 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 Terlingua, TX or getting it ready for the market.
Identify the new home you want to buy in Terlingua, 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 Terlingua, 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 Terlingua, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Terlingua, 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 Terlingua, 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 Terlingua, 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 Terlingua, 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 Terlingua, 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 several advantages for residents in Terlingua, Texas. They provide a short-term financing solution, allowing homeowners to purchase a new property before selling their current one. This flexibility can prevent missed opportunities in the competitive real estate market of Terlingua. Demographically, Terlingua boasts a small population with a rich cultural mix. The town attracts artists, retirees, and outdoor enthusiasts due to its unique charm and proximity to Big Bend National Park. With a low cost of living compared to larger cities, Terlingua is an appealing destination for those seeking a tranquil lifestyle. The housing market in Terlingua offers diverse options, from historic adobe homes to modern eco-friendly designs. While prices have been steadily rising in recent years, the market remains relatively affordable compared to other parts of Texas. Bridge loans can help buyers take advantage of these opportunities without the stress of a traditional mortgage. Main attractions in Terlingua include the annual Chili Cook-Off, where visitors can taste delicious chili recipes and enjoy live music. The town also offers stunning desert landscapes perfect for hiking, biking, and stargazing. With its vibrant community and natural beauty, Terlingua provides a unique living experience for residents.
Benefits of Bridge Loans in Terlingua, Texas
