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Navigating the process of buying a new home in Elkhart, 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 Elkhart, TX or getting it ready for the market.
Identify the new home you want to buy in Elkhart, 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 Elkhart, 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 Elkhart, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Elkhart, 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 Elkhart, 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 Elkhart, 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 Elkhart, 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 Elkhart, 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 Elkhart, Texas offer numerous benefits to real estate investors and homebuyers. They provide short-term financing, allowing individuals to bridge the gap between the purchase of a new property and the sale of an existing one. This flexibility can be crucial in competitive markets, enabling swift transactions and preventing missed opportunities. Demographically, Elkhart, Texas, is a charming small town with a population that values community and outdoor activities. The area boasts a mix of residents including families, retirees, and young professionals seeking a peaceful and close-knit environment. The town's proximity to larger cities like Dallas and Houston makes it an attractive location for those looking to escape the hustle and bustle. When it comes to the housing market, Elkhart offers diverse options ranging from historic homes to modern developments. The market is relatively stable with steady appreciation rates, making it a solid investment choice. With the help of bridge loans, buyers can take advantage of opportunities in this growing market without the constraints of traditional financing. Main attractions in Elkhart include the beautiful Richland-Chambers Reservoir, perfect for fishing and boating enthusiasts. The town also features historical sites like the Elkhart Depot Museum and outdoor recreational areas for hiking and picnicking. Residents enjoy a peaceful lifestyle while still having access to urban amenities.
Benefits of Bridge Loans in Elkhart, Texas
