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Navigating the process of buying a new home in Eldorado, 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 Eldorado, TX or getting it ready for the market.
Identify the new home you want to buy in Eldorado, 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 Eldorado, 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 Eldorado, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Eldorado, 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 Eldorado, 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 Eldorado, 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 Eldorado, 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 Eldorado, 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 Eldorado, Texas offer a convenient financing option for individuals looking to purchase a new home before selling their current property. This type of loan provides short-term funding to bridge the gap between the sale of the existing home and the purchase of a new one, eliminating the need for contingency offers and allowing for a smoother transition. Demographics: Eldorado, Texas, is a small but vibrant community with a population of around 2,000 residents. The town has a close-knit feel, making it an ideal place for families and retirees looking for a peaceful lifestyle. The population is diverse, with a mix of ages and backgrounds contributing to the town's rich cultural heritage. Housing Market: The housing market in Eldorado, Texas, offers a range of options from quaint historic homes to modern new constructions. With a median home value below the national average, Eldorado provides affordable housing opportunities for both buyers and renters. The market is stable, presenting a favorable environment for investment and growth. Main Attractions: Eldorado is home to several attractions that showcase the town's charm and history. Visitors can explore the Schleicher County Courthouse, a stunning architectural gem, or enjoy outdoor activities at Eldorado State Park. The local shops and restaurants offer a taste of authentic Texas hospitality, making Eldorado a welcoming destination for residents and tourists alike.
The Benefits of Bridge Loans in Eldorado, Texas
