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Navigating the process of buying a new home in El Campo, 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 El Campo, TX or getting it ready for the market.
Identify the new home you want to buy in El Campo, 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 El Campo, 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 El Campo, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in El Campo, 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 El Campo, 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 El Campo, 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 El Campo, 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 El Campo, 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 provide a valuable financing option for homeowners in El Campo, Texas by offering short-term funding to bridge the gap between the purchase of a new home and the sale of an existing one. This flexibility allows homeowners to secure their new property without the stress of contingent offers. El Campo, Texas, is a vibrant city with a diverse population that includes families, young professionals, and retirees. The city boasts a strong sense of community and offers a range of amenities, from top-rated schools to local parks and recreational facilities. The housing market in El Campo is dynamic, with a variety of properties available to suit different budgets and preferences. Bridge loans in this area can help individuals take advantage of competitive real estate opportunities, secure their dream home, and navigate the buying and selling process seamlessly. Some main attractions in El Campo include the picturesque Brackenridge Recreation Complex, the popular El Campo Museum of Natural History, and the historic downtown area with its charming shops and restaurants. Residents and visitors alike can enjoy a vibrant cultural scene and a strong sense of community in this welcoming city.
Benefits of Bridge Loans in El Campo, Texas
