Get Approved at The Lowest Rate
Navigating the process of buying a new home in Eddy, 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 Eddy, TX or getting it ready for the market.
Identify the new home you want to buy in Eddy, 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 Eddy, 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 Eddy, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Eddy, 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 Eddy, 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 Eddy, 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 Eddy, 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 Eddy, 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 Eddy, Texas offer a valuable financial solution for individuals looking to purchase a new home before selling their current one. This type of loan provides temporary funding to cover the down payment and closing costs on the new property, preventing the need to wait for the sale of the existing home. Demographically, Eddy, Texas is a small, tight-knit community with a population of approximately 800 residents. The town boasts a diverse demographic profile, with a mix of age groups and backgrounds contributing to its unique charm and appeal. The housing market in Eddy, Texas is competitive yet affordable, making it an attractive option for both first-time homebuyers and seasoned investors. With a range of housing options available, from single-family homes to spacious ranch properties, there is something to suit every lifestyle and budget.
Benefits of Bridge Loans in Eddy, Texas
