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Navigating the process of buying a new home in Edmonson, 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 Edmonson, TX or getting it ready for the market.
Identify the new home you want to buy in Edmonson, 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 Edmonson, 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 Edmonson, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Edmonson, 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 Edmonson, 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 Edmonson, 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 Edmonson, 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 Edmonson, 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 offer expedited financing solutions for homebuyers in Edmonson, Texas. These short-term loans help bridge the gap between the purchase of a new home and the sale of the current one. They provide financial flexibility and enable individuals to secure their dream home without the pressure of selling their existing property quickly. Edmonson, Texas, is a charming rural town with a tight-knit community. The town has a population of approximately 100 residents, offering a quiet and peaceful environment for families and retirees. With a low crime rate and excellent schools, Edmonson is an ideal place to raise children or enjoy a relaxing retirement. The housing market in Edmonson, Texas, is stable and affordable. The median home price is around $150,000, making it an attractive location for first-time homebuyers and investors. The market offers a mix of single-family homes, ranch-style properties, and spacious lots, providing options for various preferences and budgets. While Edmonson may be a small town, it boasts several main attractions for residents and visitors to enjoy. The nearby Panhandle-Plains Historical Museum offers insight into the region's rich history, while the Palo Duro Canyon State Park provides opportunities for outdoor recreation such as hiking, camping, and wildlife viewing.
The Benefits of Bridge Loans in Edmonson, Texas
