Get Approved at The Lowest Rate
Navigating the process of buying a new home in Oakwood, 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 Oakwood, TX or getting it ready for the market.
Identify the new home you want to buy in Oakwood, 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 Oakwood, 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 Oakwood, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Oakwood, 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 Oakwood, 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 Oakwood, 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 Oakwood, 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 Oakwood, 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!
A bridge loan in Oakwood, Texas can provide immediate funds for individuals looking to purchase a new home before selling their existing one. This short-term financing option allows buyers to secure their new property quickly without having to wait for their current home to sell. It helps in avoiding the need for a contingent offer, making the purchasing process smoother and more competitive. Oakwood, Texas, with a population of around 500 residents, offers a close-knit community feel. The town features a mix of rural landscapes and small-town charm, making it an ideal place for those seeking a peaceful and serene environment. The demographics include a majority of homeowners, creating a stable housing market with a sense of community. The housing market in Oakwood is characterized by a variety of single-family homes, ranch-style properties, and spacious lots. With the median home price below the national average, Oakwood presents affordable housing options for both first-time buyers and those looking to upgrade. The market is relatively stable, attracting buyers interested in a tranquil lifestyle away from the hustle and bustle of the city.
Benefits of Bridge Loans in Oakwood, Texas
