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Navigating the process of buying a new home in Odem, 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 Odem, TX or getting it ready for the market.
Identify the new home you want to buy in Odem, 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 Odem, 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 Odem, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Odem, 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 Odem, 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 Odem, 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 Odem, 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 Odem, 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 Odem, Texas provide a flexible financing option for homebuyers. They allow individuals to purchase a new property before selling their current one, avoiding the stress of coordinating timelines. Demographically, Odem, Texas, has a population of around 2,500 residents, offering a tight-knit community feel. The town is known for its diverse population, with a mix of young professionals, families, and retirees. In terms of the housing market, Odem is experiencing a steady increase in property values, making it an attractive location for real estate investment. Bridge loans can help buyers take advantage of these market conditions without waiting for their current home to sell. Some main attractions in Odem include the Texas State Aquarium, offering interactive marine exhibits, and the USS Lexington Museum on the Bay, a historic aircraft carrier. The town also boasts beautiful parks and outdoor recreational areas for residents to enjoy.
Benefits of Bridge Loans in Odem, Texas
