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Navigating the process of buying a new home in Fort Bliss, 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 Fort Bliss, TX or getting it ready for the market.
Identify the new home you want to buy in Fort Bliss, 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 Fort Bliss, 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 Fort Bliss, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fort Bliss, 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 Fort Bliss, 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 Fort Bliss, 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 Fort Bliss, 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 Fort Bliss, 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 Fort Bliss offer a flexible financing option for homeowners looking to purchase a new property before selling their current one. This type of loan can help bridge the gap between the sale of your existing home and the purchase of a new one, providing financial stability during the transition period. Demographically, Fort Bliss is home to a diverse population, including military personnel and their families due to the nearby military base. The area boasts a strong sense of community, with residents enjoying access to various amenities and services catering to their needs. The housing market in Fort Bliss is vibrant, with a range of options available for buyers and renters alike. Whether you are looking for a single-family home, apartment, or townhouse, there are properties to suit every preference and budget in this bustling real estate market. Some main attractions in Fort Bliss include the nearby Franklin Mountains State Park, offering outdoor enthusiasts a variety of activities such as hiking, biking, and camping. Additionally, the El Paso Museum of Art and the Plaza Theatre showcase the cultural richness of the area, providing residents with opportunities for entertainment and enrichment.
Benefits of Bridge Loans in Fort Bliss, Texas
