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Navigating the process of buying a new home in Eagle Lake, 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 Eagle Lake, TX or getting it ready for the market.
Identify the new home you want to buy in Eagle Lake, 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 Eagle Lake, 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 Eagle Lake, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Eagle Lake, 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 Eagle Lake, 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 Eagle Lake, 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 Eagle Lake, 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 Eagle Lake, 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 flexible financing option for homeowners in Eagle Lake, Texas, allowing them to bridge the gap between the sale of their existing home and the purchase of a new one. This can be particularly useful in a competitive market where timing is crucial. Eagle Lake, Texas, is a charming town with a population of around 3,600 residents. The median age of the population is 40 years, and the majority of residents are homeowners. The town has a strong sense of community and offers a peaceful and scenic setting for residents. The housing market in Eagle Lake is diverse, with a range of housing options available to suit different budgets and preferences. The market is currently experiencing steady growth, making it an attractive location for both buyers and sellers. Bridge loans can provide buyers with the financial flexibility needed to take advantage of the opportunities in the market. Some of the main attractions in Eagle Lake include the beautiful Eagle Lake itself, popular for fishing and boating activities. The town also boasts historical sites like the Eagle Lake Railroad and Depot Museum, offering residents and visitors a glimpse into the area's past.
Benefits of Bridge Loans in Eagle Lake, Texas
