Get Approved at The Lowest Rate
Navigating the process of buying a new home in Edcouch, 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 Edcouch, TX or getting it ready for the market.
Identify the new home you want to buy in Edcouch, 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 Edcouch, 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 Edcouch, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Edcouch, 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 Edcouch, 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 Edcouch, 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 Edcouch, 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 Edcouch, 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 Edcouch, Texas offer a valuable financing option for homebuyers looking to transition smoothly between the sale of their current home and the purchase of a new one. These short-term loans bridge the gap when the sale of a current home doesn't align with the purchase of a new one, providing the necessary funds for the down payment and closing costs. Edcouch, Texas is a small town with a tight-knit community and a family-friendly atmosphere. The town has a population of around 3,000 residents, primarily Hispanic, adding to its rich cultural tapestry. The town also boasts a lower cost of living compared to nearby cities, making it an attractive option for those looking for affordable housing options. The housing market in Edcouch is favorable for both buyers and sellers. With a median home price below the national average, buyers can find affordable housing options that suit their budgets. Sellers benefit from a competitive market with steady demand, ensuring a quick turnaround on their property listings. While Edcouch may be a small town, it is surrounded by natural beauty and offers outdoor recreational activities for residents and visitors. The town's proximity to the Lower Rio Grande Valley National Wildlife Refuge provides opportunities for birdwatching and nature walks. Additionally, the town hosts local festivals and events that celebrate its cultural heritage, providing a vibrant community atmosphere.
The Benefits of Bridge Loans in Edcouch, Texas
