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Navigating the process of buying a new home in Victoria, 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 Victoria, TX or getting it ready for the market.
Identify the new home you want to buy in Victoria, 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 Victoria, 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 Victoria, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Victoria, 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 Victoria, 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 Victoria, 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 Victoria, 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 Victoria, 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 provide immediate funds for purchasing a new home while waiting for the sale of your current property. This can help prevent missed opportunities and expedite the buying process, giving you more negotiating power. Demographics: Victoria, Texas, is a diverse community with a population of around 67,000. The city has a mix of young professionals, families, and retirees, creating a vibrant and welcoming atmosphere. Housing Market: Victoria's housing market offers a range of options from historic homes to modern developments. The median home price is $200,000, making it an affordable yet attractive location for buyers looking to invest or settle down. Main Attractions: Victoria boasts cultural attractions like the Nave Museum, outdoor activities at Riverside Park, and historical sites such as the Museum of the Coastal Bend. The city's rich heritage and lively community events make it a desirable place to live and visit.
Bridge Loans in Victoria, Texas
