Get Approved at The Lowest Rate
Navigating the process of buying a new home in Hooks, 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 Hooks, TX or getting it ready for the market.
Identify the new home you want to buy in Hooks, 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 Hooks, 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 Hooks, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hooks, 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 Hooks, 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 Hooks, 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 Hooks, 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 Hooks, 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 Hooks offer quick access to funds, bridging the gap between the purchase of a new home before selling the current one. This can help avoid missed opportunities and secure the desired property swiftly. Demographically, Hooks, Texas, is a charming small town with a population of around 2,500 residents. Its community is known for its friendliness and strong sense of unity, making it an ideal place to raise a family or retire peacefully. In terms of the housing market, Hooks provides diverse options, from cozy historic homes to modern residences. The market is considered stable with reasonable prices, making it attractive for both first-time buyers and investors looking for value. Main attractions in Hooks include the Red River, ideal for outdoor activities like fishing and boating, as well as several parks and recreational facilities. The town also hosts annual events that showcase its rich cultural heritage and provide entertainment for residents and visitors alike.
The Benefits of Bridge Loans in Hooks, Texas
