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Navigating the process of buying a new home in Elmaton, 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 Elmaton, TX or getting it ready for the market.
Identify the new home you want to buy in Elmaton, 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 Elmaton, 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 Elmaton, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Elmaton, 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 Elmaton, 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 Elmaton, 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 Elmaton, 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 Elmaton, 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 Elmaton, Texas offer homebuyers a valuable financial tool by providing short-term financing to bridge the gap between the purchase of a new home and the sale of their existing property. This allows buyers to secure their new home without the need to wait for their old home to sell, making the buying process smoother and more efficient. Demographically, Elmaton is a charming small town located in Matagorda County, Texas. With a population of around 500 residents, Elmaton offers a tight-knit community feel, perfect for those seeking a close community and a slower pace of life. In terms of the housing market, Elmaton offers a diverse range of property types, from cozy single-family homes to spacious ranch-style properties. The market is relatively stable, with moderate property appreciation rates, making it an attractive location for both first-time homebuyers and those looking to invest in real estate. Some main attractions in Elmaton include its proximity to the Gulf Coast, offering residents easy access to beautiful beaches and water activities. The town also boasts scenic parks, local shops, and restaurants, providing a relaxed and enjoyable lifestyle for its residents.
Benefits of Bridge Loans in Elmaton, Texas
