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Navigating the process of buying a new home in Eden, 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 Eden, TX or getting it ready for the market.
Identify the new home you want to buy in Eden, 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 Eden, 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 Eden, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Eden, 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 Eden, 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 Eden, 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 Eden, 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 Eden, 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 Eden, Texas offer a valuable financing option for individuals looking to purchase a new home before selling their current one. They provide temporary funds to bridge the gap between the sale of the existing home and the purchase of a new one, allowing for a smoother transition without the need to wait for the sale. Demographics: Eden, Texas, is a charming small town with a population of around 2,700 residents. The community offers a strong sense of belonging and a friendly atmosphere, making it an ideal place for families, retirees, and professionals looking for a peaceful environment to call home. Housing Market: The housing market in Eden, Texas, is diverse, offering a mix of historic homes, modern developments, and spacious ranch properties. The median home value is affordable compared to larger cities, making it an attractive option for buyers seeking a balance between affordability and quality of life. Main Attractions: Eden boasts scenic natural beauty, with attractions such as the Concho River, Brady Lake, and the beautiful Eden Heritage Park. Outdoor enthusiasts can enjoy activities like fishing, hiking, and camping, while history buffs can explore local museums and historic sites that showcase the town's rich cultural heritage.
The Benefits of Bridge Loans in Eden, Texas
