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Navigating the process of buying a new home in Elsa, 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 Elsa, TX or getting it ready for the market.
Identify the new home you want to buy in Elsa, 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 Elsa, 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 Elsa, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Elsa, 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 Elsa, 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 Elsa, 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 Elsa, 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 Elsa, 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 a crucial financial solution for individuals looking to purchase a new home while waiting for their existing one to sell. In Elsa, Texas, where the real estate market is competitive, bridge loans provide buyers with the flexibility to make an offer on a new property without being contingent on the sale of their current home. This can give them a competitive edge in a fast-moving market. Elsa, Texas, located in Hidalgo County, has a diverse population with a mix of families, young professionals, and retirees. With a growing economy and job opportunities in industries like agriculture and manufacturing, the city attracts people looking for affordable living options and a close-knit community. The housing market in Elsa, Texas, is dynamic, with a range of housing options available to buyers. From single-family homes to condos and townhouses, there is something for everyone. The market is seeing steady growth, making it an attractive location for real estate investment and homeowners looking for a stable market. When in Elsa, Texas, residents and visitors can explore attractions like the Elsa City Park, known for its recreational facilities and community events. The nearby Santa Ana National Wildlife Refuge offers opportunities for outdoor activities and bird watching, making it a popular destination for nature enthusiasts.
Benefits of Bridge Loans in Elsa, Texas
