Get Approved at The Lowest Rate
Navigating the process of buying a new home in Vidor, 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 Vidor, TX or getting it ready for the market.
Identify the new home you want to buy in Vidor, 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 Vidor, 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 Vidor, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Vidor, 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 Vidor, 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 Vidor, 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 Vidor, 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 Vidor, 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 Vidor, Texas offer numerous benefits to homeowners and buyers. These short-term loans provide quick financing for real estate transactions, allowing individuals to bridge the gap between buying a new home and selling their current one. They are particularly useful in competitive markets where timing is crucial, enabling borrowers to secure their new property without waiting for their old one to sell. Demographically, Vidor is a small city located in Orange County, Texas, with a population of approximately 11,440 residents. The community boasts a mix of rural and suburban living, making it an attractive place for those seeking a peaceful environment while still having access to urban amenities. The housing market in Vidor, Texas, is vibrant, with a variety of single-family homes, townhouses, and apartments available for purchase or rent. The median home value in Vidor is around $138,000, making it an affordable option for individuals and families looking to own a property in a growing community. Some main attractions in Vidor include the Big Thicket National Preserve, a nature lover's paradise offering hiking, birdwatching, and camping opportunities. The city is also known for its Southern hospitality, community events, and close-knit neighborhoods, making it a welcoming place for residents and visitors alike.
Benefits of Bridge Loans in Vidor, Texas
