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Navigating the process of buying a new home in Edgewood, 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 Edgewood, TX or getting it ready for the market.
Identify the new home you want to buy in Edgewood, 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 Edgewood, 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 Edgewood, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Edgewood, 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 Edgewood, 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 Edgewood, 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 Edgewood, 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 Edgewood, 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 Edgewood, Texas provide a flexible financing option for homeowners looking to purchase a new property before selling their existing one. This can help avoid the stress of timing mismatches in real estate transactions and allows for smoother transitions between homes. Demographics Edgewood, Texas, is a charming small town with a population of approximately 1,441 residents. The community is close-knit, with a mix of families, retirees, and young professionals. The town boasts a low crime rate and a strong sense of community spirit. Housing Market The housing market in Edgewood offers a variety of options, from historic homes to modern constructions. Properties in the area are considered affordable compared to neighboring cities, making it an attractive location for first-time homebuyers and those looking to invest in real estate. Main Attractions Edgewood is known for its picturesque countryside, offering residents a tranquil and scenic environment. The town also has a rich history, with attractions such as historic downtown buildings, parks, and local shops. Outdoor enthusiasts can enjoy activities like hiking, fishing, and camping in the surrounding natural areas.
Benefits of Bridge Loans in Edgewood, Texas
