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Navigating the process of buying a new home in Edinburg, 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 Edinburg, TX or getting it ready for the market.
Identify the new home you want to buy in Edinburg, 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 Edinburg, 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 Edinburg, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Edinburg, 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 Edinburg, 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 Edinburg, 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 Edinburg, 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 Edinburg, 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 Edinburg, Texas offer a valuable financial tool for homebuyers. These loans provide immediate funding to purchase a new home before selling an existing one, bridging the gap in financing. Demographics: Edinburg, Texas, is a vibrant city with a diverse population. The city is home to a mix of young professionals, families, and retirees, creating a rich tapestry of communities. Its convenient location near the U.S.-Mexico border adds to its cultural diversity. Housing Market: The housing market in Edinburg, Texas, is robust, offering a range of housing options to suit various needs and budgets. The market is competitive, with a mix of new developments and established neighborhoods, making it an attractive destination for homebuyers. Main Attractions: Edinburg, Texas, boasts several attractions, including the historic Museum of South Texas History, the beautiful Edinburg Scenic Wetlands, and the lively Shoppes at Rio Grande Valley. The city's rich history, natural beauty, and thriving retail scene make it a desirable place to live and visit.
Benefits of Bridge Loans in Edinburg, Texas