Get Approved at The Lowest Rate
Navigating the process of buying a new home in Lone Oak, 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 Lone Oak, TX or getting it ready for the market.
Identify the new home you want to buy in Lone Oak, 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 Lone Oak, 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 Lone Oak, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lone Oak, 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 Lone Oak, 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 Lone Oak, 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 Lone Oak, 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 Lone Oak, 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 Lone Oak, Texas offer a range of benefits for homeowners. They provide quick access to funds for purchasing a new home before selling the current one, offering flexibility in the transition period and preventing the need for a contingent offer. Lone Oak, Texas, is a charming rural community with a population of approximately 600 residents. The town boasts a strong sense of community, low crime rates, and excellent schools, making it an ideal place for families looking to settle down. The housing market in Lone Oak is stable, with a median home value of $200,000. The market is competitive, with homes typically selling quickly due to high demand. Bridge loans can help buyers secure their dream home in this competitive market. Some main attractions in Lone Oak include the beautiful Lake Tawakoni State Park, offering opportunities for outdoor recreation such as fishing, boating, and hiking. The nearby Hunt County Fairgrounds hosts various events and fairs throughout the year, providing entertainment for residents of all ages.
Bridge Loans in Lone Oak, Texas
