Get Approved at The Lowest Rate
Navigating the process of buying a new home in Olney, 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 Olney, TX or getting it ready for the market.
Identify the new home you want to buy in Olney, 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 Olney, 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 Olney, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Olney, 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 Olney, 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 Olney, 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 Olney, 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 Olney, 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 offer a quick financing solution for those looking to buy a new property while still awaiting the sale of their current one. They provide temporary funds to bridge the gap between transactions, enabling buyers to act swiftly in competitive real estate markets. Demographics: Olney, Texas, is a charming small town with a population of around 3,000 residents. The community is close-knit and offers a friendly and welcoming atmosphere for both families and retirees. Housing Market: The housing market in Olney is diverse, offering a mix of historic homes, new constructions, and rural properties. The town has seen steady growth in property values in recent years, making it an attractive option for real estate investors. Main Attractions: Olney boasts a range of attractions, including the Olney Hamilton Hospital, perfect for healthcare access. The town is also known for its beautiful parks, such as Heritage Park, offering recreational activities for all ages.
Bridge Loans in Olney, Texas
