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Navigating the process of buying a new home in Elmo, 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 Elmo, TX or getting it ready for the market.
Identify the new home you want to buy in Elmo, 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 Elmo, 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 Elmo, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Elmo, 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 Elmo, 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 Elmo, 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 Elmo, 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 Elmo, 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!
Benefits: Bridge loans in Elmo, Texas offer a convenient solution for homeowners who are looking to purchase a new home before selling their current one. These short-term loans provide quick access to funds, allowing individuals to bridge the financial gap between the sale of their existing property and the purchase of a new one. Demographics: Elmo, Texas, a small town known for its close-knit community and friendly atmosphere, has a population primarily composed of families and retirees. The town boasts a diverse population with a strong sense of community spirit, making it an ideal place for those seeking a peaceful and welcoming environment. Housing Market: Elmo's housing market is characterized by a mix of historic homes and newer developments. With a steady demand for housing, property values in Elmo have shown a consistent upward trend in recent years, making it an attractive location for real estate investment. Main Attractions: Elmo offers a range of attractions, including scenic parks, local shops, and community events. Residents can enjoy outdoor activities such as hiking and biking in the surrounding countryside or explore the town's unique historical landmarks, providing a rich cultural experience for visitors and residents alike.
Benefits of Bridge Loans in Elmo, Texas
