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Navigating the process of buying a new home in Old Ocean, 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 Old Ocean, TX or getting it ready for the market.
Identify the new home you want to buy in Old Ocean, 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 Old Ocean, 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 Old Ocean, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Old Ocean, 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 Old Ocean, 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 Old Ocean, 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 Old Ocean, 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 Old Ocean, 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!
Benefits of Bridge Loans: Bridge loans can provide immediate funds for down payments when transitioning between homes, offering flexibility and convenience for homeowners in Old Ocean, Texas. These loans allow individuals to purchase a new property before selling their current one, avoiding the stress of temporary housing arrangements and enabling a smoother transition process. With competitive interest rates and favorable terms, bridge loans in Old Ocean can be a valuable financial tool for those looking to upgrade their living situation. Demographics: Old Ocean, Texas, is a charming rural community with a population of approximately 1,500 residents. The town has a diverse demographic mix, with a median age of 45 years and a strong sense of community spirit among its inhabitants. Residents of Old Ocean enjoy a high quality of life, with access to excellent schools, healthcare services, and recreational facilities. Housing Market: The housing market in Old Ocean, Texas, is characterized by a range of affordable single-family homes and spacious properties with large yards. Home prices in the area have been steadily increasing, making it an attractive investment opportunity for homebuyers and property investors. With a stable real estate market and low interest rates, Old Ocean offers a favorable environment for purchasing a new home or investing in rental properties. Main Attractions: Old Ocean, Texas, is known for its scenic beauty, outdoor recreational opportunities, and rich historical heritage. Residents and visitors can enjoy hiking, fishing, and boating at the nearby Brazoria National Wildlife Refuge and San Bernard National Wildlife Refuge. The town also boasts a vibrant arts and culture scene, with local festivals, concerts, and art galleries showcasing the talents of the community.
Bridge Loans in Old Ocean, Texas
