Get Approved at The Lowest Rate
Navigating the process of buying a new home in Elgin, 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 Elgin, TX or getting it ready for the market.
Identify the new home you want to buy in Elgin, 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 Elgin, 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 Elgin, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Elgin, 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 Elgin, 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 Elgin, 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 Elgin, 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 Elgin, 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 Elgin, Texas provide a valuable financial tool for homebuyers by offering quick access to funds for purchasing a new home before selling their existing property. These loans help avoid the stress of timing constraints and enable smoother transitions between homes. The demographics of Elgin, Texas, reveal a vibrant community with a mix of residents, including families, young professionals, and retirees. With a growing population, Elgin offers a diverse and welcoming environment for individuals looking to settle down or invest in real estate. Elgin's housing market presents promising opportunities for both buyers and sellers. The city's real estate sector is experiencing steady growth, making it an attractive location for property investment. Bridge loans can aid buyers in securing their dream homes in this competitive market. Some of the main attractions in Elgin, Texas, include the Elgin Historic District, renowned for its charming architecture and cultural significance. Visitors and residents alike can enjoy outdoor activities at the beautiful parks and explore local shops and restaurants, showcasing the town's rich heritage.
Benefits of Bridge Loans in Elgin, Texas
