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Navigating the process of buying a new home in Edna, 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 Edna, TX or getting it ready for the market.
Identify the new home you want to buy in Edna, 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 Edna, 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 Edna, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Edna, 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 Edna, 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 Edna, 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 Edna, 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 Edna, 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 Edna, Texas offer several benefits that make them a valuable financial tool for homebuyers. These short-term loans provide quick access to funds for purchasing a new home before selling the current one. They help avoid missed opportunities and allow for smoother transitions between properties. Edna, Texas, a city in Jackson County, has a population of approximately 5,600 residents. The demographic makeup is diverse, with a mix of age groups and a strong sense of community. The city's location provides easy access to urban amenities while maintaining a peaceful small-town atmosphere. The housing market in Edna is competitive yet affordable, with a median home price below the national average. Bridge loans can help buyers secure properties in this market by offering financial flexibility and a competitive edge. The city's real estate sector is stable, making it an attractive investment for both homeowners and investors. Edna boasts several main attractions, including the Texana Museum and Library, which showcases the area's rich history. The city also features scenic parks, recreational facilities, and local events that offer residents a high quality of life. With its unique charm and amenities, Edna is a desirable place to call home.
Bridge Loans in Edna, Texas
