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Navigating the process of buying a new home in Eola, 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 Eola, TX or getting it ready for the market.
Identify the new home you want to buy in Eola, 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 Eola, 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 Eola, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Eola, 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 Eola, 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 Eola, 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 Eola, 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 Eola, 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 benefits for individuals in Eola, Texas. These short-term loans provide a crucial financial bridge to cover gaps in housing transactions. They allow homeowners to quickly purchase a new home while waiting for the sale of their current property. This flexibility can prevent missed opportunities in the competitive housing market. Eola, Texas, with its friendly community and affordable living costs, attracts a diverse population. The demographics reflect a mix of young professionals, families, and retirees. The town's close-knit atmosphere and strong sense of community make it an ideal place to raise a family or enjoy a peaceful retirement. The housing market in Eola, Texas, presents a range of opportunities for both buyers and sellers. With affordable home prices compared to nearby urban areas, Eola offers a chance for homeowners to invest in their dream property. Bridge loans facilitate swift transactions, giving buyers an edge in this competitive market. While Eola's charm lies in its serene setting and community spirit, the town also boasts attractions that appeal to residents and visitors alike. From outdoor activities like fishing and hiking in the nearby Concho River to exploring local shops and restaurants, Eola offers a blend of natural beauty and small-town charm.
Benefits of Bridge Loans in Eola, Texas
