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Navigating the process of buying a new home in Odessa, 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 Odessa, TX or getting it ready for the market.
Identify the new home you want to buy in Odessa, 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 Odessa, 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 Odessa, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Odessa, 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 Odessa, 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 Odessa, 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 Odessa, 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 Odessa, 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 Odessa, Texas offer a convenient financing option for individuals looking to purchase a new home while awaiting the sale of their current property. These short-term loans provide flexibility and quick access to funds, allowing buyers to secure their dream home without the stress of timing the sale of their existing property. Demographics Odessa, Texas has a diverse population with a mix of young professionals, families, and retirees. The city's strong economy, fueled by the oil and gas industry, attracts individuals seeking job opportunities and a vibrant community to call home. The housing market in Odessa offers a range of options from modern apartments to spacious single-family homes. With the help of bridge loans, buyers can take advantage of the city's competitive real estate market and secure properties that meet their needs and preferences. Odessa boasts a variety of attractions, including the Odessa Meteor Crater, the Ellen Noel Art Museum, and the Music City Mall. Residents enjoy a mix of outdoor activities, cultural experiences, and shopping opportunities, making it a vibrant place to live and explore.
Benefits of Bridge Loans in Odessa, Texas
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