Get Approved at The Lowest Rate
Navigating the process of buying a new home in San Elizario, 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 San Elizario, TX or getting it ready for the market.
Identify the new home you want to buy in San Elizario, 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 San Elizario, 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 San Elizario, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Elizario, 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 San Elizario, 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 San Elizario, 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 San Elizario, 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 San Elizario, 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 San Elizario offer a unique financing solution for homebuyers. These short-term loans provide immediate funds to bridge the gap between the sale of a current home and the purchase of a new one. This flexibility allows buyers to secure a new property without being constrained by the sale timeline of their existing home. San Elizario, Texas, is a charming town with a rich history and a diverse population. The demographics of the area reflect a mix of cultures, making it a vibrant and welcoming community. Residents enjoy a high quality of life, affordable living costs, and excellent educational opportunities for their children. The housing market in San Elizario is a dynamic and competitive environment. With a range of properties available, from historic homes to modern developments, there are options to suit every taste and budget. Bridge loans can give buyers a competitive edge in this market, enabling them to act quickly and secure their dream home. San Elizario boasts a variety of main attractions that appeal to residents and visitors alike. From the San Elizario Historic District to the Socorro Mission, there are plenty of cultural and recreational activities to enjoy. The town's proximity to natural attractions like the Rio Grande also adds to its appeal.
Benefits of Bridge Loans in San Elizario, Texas
