Get Approved at The Lowest Rate
Navigating the process of buying a new home in Elm Mott, 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 Elm Mott, TX or getting it ready for the market.
Identify the new home you want to buy in Elm Mott, 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 Elm Mott, 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 Elm Mott, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Elm Mott, 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 Elm Mott, 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 Elm Mott, 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 Elm Mott, 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 Elm Mott, 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 offer numerous advantages to residents of Elm Mott, Texas. They provide short-term financing to bridge the gap between the purchase of a new property and the sale of the existing one. This enables homeowners to secure their new dream home without being constrained by the sale timeline of their current property. Elm Mott, Texas, is a vibrant community with a diverse demographic profile. The town boasts a mix of young families, professionals, and retirees, creating a unique and inclusive atmosphere. The area is known for its strong sense of community, excellent schools, and access to outdoor recreational activities. The housing market in Elm Mott is dynamic and offers a range of options for homebuyers. With the help of bridge loans, residents can take advantage of favorable market conditions to upgrade to a larger home, downsize, or invest in real estate. The town's real estate market is stable, making it an attractive location for both first-time buyers and seasoned investors. Elm Mott is also home to several main attractions, including local parks, shopping centers, and dining establishments. Residents can enjoy the beauty of nature at nearby parks and participate in community events that celebrate the town's rich history and culture.
Benefits of Bridge Loans in Elm Mott, Texas
