Get Approved at The Lowest Rate
Navigating the process of buying a new home in Odell, 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 Odell, TX or getting it ready for the market.
Identify the new home you want to buy in Odell, 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 Odell, 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 Odell, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Odell, 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 Odell, 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 Odell, 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 Odell, 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 Odell, 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 Odell, Texas offer a valuable financial solution for individuals looking to purchase a new home before selling their existing one. This type of loan provides immediate funds to cover the down payment and closing costs, allowing the borrower to secure the new property without having to wait for the sale of their current home. Demographics: Odell, Texas, is a small town with a population of around 300 residents. The community is close-knit, and the cost of living is relatively low compared to larger cities. The town has a mix of families and retirees, creating a peaceful and welcoming environment for residents. Housing Market: The housing market in Odell, Texas, is stable, with a range of affordable options available for buyers. Bridge loans can help potential homebuyers take advantage of favorable market conditions quickly. The town offers a variety of housing styles, from historic homes to modern developments, catering to different preferences. Main Attractions: Odell, Texas, offers a blend of natural beauty and historic charm. Residents can enjoy outdoor activities at the nearby parks and lakes, making it an ideal location for nature lovers. The town also has quaint shops, local eateries, and cultural events that showcase the community's vibrant spirit.
Benefits of Bridge Loans in Odell, Texas
