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Navigating the process of buying a new home in Oakland, 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 Oakland, TX or getting it ready for the market.
Identify the new home you want to buy in Oakland, 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 Oakland, 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 Oakland, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Oakland, 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 Oakland, 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 Oakland, 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 Oakland, 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 Oakland, 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 Oakland, Texas offer borrowers the flexibility to finance a new home purchase before selling their existing property. This can be particularly advantageous in a competitive real estate market, allowing buyers to make strong offers without being contingent on the sale of their current home. The demographics of Oakland, Texas, showcase a diverse and growing community. With a mix of young families, professionals, and retirees, the area offers a vibrant atmosphere and a range of cultural experiences. The population is steadily increasing, indicating a strong economy and job market. As for the housing market in Oakland, Texas, it is characterized by steady appreciation in property values. The demand for homes in the area is high, making it an ideal location for real estate investment. Bridge loans can help buyers take advantage of these favorable market conditions and secure their dream home. Some main attractions in Oakland, Texas, include the beautiful Oakland Park, known for its picturesque landscape and recreational facilities. The town also boasts a thriving dining scene, with a variety of restaurants offering delicious local cuisine. Additionally, the vibrant arts and culture scene provides entertainment for residents and visitors alike.
Benefits of Bridge Loans in Oakland, Texas
