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Navigating the process of buying a new home in Oglesby, 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 Oglesby, TX or getting it ready for the market.
Identify the new home you want to buy in Oglesby, 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 Oglesby, 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 Oglesby, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Oglesby, 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 Oglesby, 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 Oglesby, 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 Oglesby, 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 Oglesby, 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 offer a valuable financial solution for individuals looking to purchase a new home before selling their current one. In Oglesby, Texas, this type of loan can provide the flexibility needed to secure the new property without the constraints of waiting for the sale of the existing home. Oglesby, Texas, is a close-knit community with a population of approximately 450 residents. The town boasts a friendly atmosphere and a strong sense of community, making it an ideal place to settle down and raise a family. Residents enjoy a peaceful rural setting with easy access to nearby cities for work and recreation. The housing market in Oglesby offers a variety of options, from charming single-family homes to spacious ranch properties. With the help of bridge loans, potential homebuyers can take advantage of favorable market conditions and secure their dream home quickly. The town's real estate market is stable, making it an attractive destination for those seeking a peaceful and affordable place to live. While Oglesby may be small in size, it is rich in attractions and outdoor activities. The town is located near beautiful parks, hiking trails, and recreational facilities, providing ample opportunities for outdoor enthusiasts. Additionally, Oglesby is close to historical sites and cultural attractions, offering residents a unique blend of small-town charm and modern conveniences.
The Benefits of Bridge Loans in Oglesby, Texas
