Get Approved at The Lowest Rate
Navigating the process of buying a new home in Trinidad, 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 Trinidad, TX or getting it ready for the market.
Identify the new home you want to buy in Trinidad, 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 Trinidad, 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 Trinidad, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Trinidad, 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 Trinidad, 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 Trinidad, 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 Trinidad, 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 Trinidad, 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 a beneficial solution for homebuyers in Trinidad, Texas by providing temporary financing to bridge the gap between the purchase of a new home and the sale of an existing one. This financial tool allows individuals to secure their dream home without the pressure of selling their current property quickly. Trinidad, Texas, located in Henderson County, has a diverse demographic mix with a population of approximately 1,091 residents. The town boasts a close-knit community feel, making it an attractive place for families and individuals looking for a peaceful and friendly environment. The housing market in Trinidad, Texas, embodies a mix of traditional single-family homes and larger properties, offering a range of options to potential buyers. With a median home value of $116,589 and a steady appreciation rate, the market presents opportunities for both investors and homebuyers looking for affordable housing options. While in Trinidad, residents and visitors can explore the town's main attractions, such as the beautifully serene Cedar Creek Lake, perfect for fishing and watersports. The vibrant flora and fauna at the East Texas Arboretum and Botanical Society provide a peaceful escape for nature enthusiasts.
Benefits of Bridge Loans in Trinidad, Texas
