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Navigating the process of buying a new home in Olmito, 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 Olmito, TX or getting it ready for the market.
Identify the new home you want to buy in Olmito, 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 Olmito, 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 Olmito, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Olmito, 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 Olmito, 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 Olmito, 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 Olmito, 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 Olmito, 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 Olmito, Texas offer individuals the flexibility of acquiring a new property before selling their existing one. This can be highly advantageous when timing is crucial, allowing homeowners to avoid missing out on their dream home while their current one is still on the market. Demographically, Olmito, Texas is a diverse community with a population that includes a mix of professionals, families, and retirees. The area boasts a strong sense of community, with various cultural events and activities that cater to residents of all ages and backgrounds. As for the housing market in Olmito, Texas, it is currently experiencing steady growth. The demand for housing in the area is on the rise, leading to an increase in property values. Bridge loans can provide individuals with the financial means to take advantage of these favorable market conditions. Main attractions in Olmito, Texas include its proximity to beautiful natural landscapes, such as Resaca de la Palma State Park. Residents and visitors can enjoy outdoor activities like hiking, birdwatching, and picnicking in this picturesque setting.
The Benefits of Bridge Loans in Olmito, Texas
