Get Approved at The Lowest Rate
Navigating the process of buying a new home in Ovalo, 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 Ovalo, TX or getting it ready for the market.
Identify the new home you want to buy in Ovalo, 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 Ovalo, 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 Ovalo, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ovalo, 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 Ovalo, 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 Ovalo, 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 Ovalo, 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 Ovalo, 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 Ovalo, Texas offer numerous advantages to homebuyers and sellers. These short-term loans provide a convenient solution for financing a new home purchase while awaiting the sale of an existing property. With a bridge loan, individuals can avoid the stress of timing their transactions perfectly. Demographically, Ovalo, Texas, is a small yet vibrant community with a mix of residents ranging from young families to retirees. The town boasts a strong sense of community and a focus on education, making it an ideal place for families looking to settle down in a welcoming environment. In terms of the housing market, Ovalo offers a variety of housing options to suit different preferences and budgets. From cozy single-family homes to spacious ranch-style properties, there is something for everyone in Ovalo. The real estate market in Ovalo is stable, with steady appreciation rates, making it an attractive location for both buyers and sellers. Ovalo, Texas, is home to several main attractions that showcase the town's rich history and natural beauty. Visitors can explore local parks, hiking trails, and historic sites that offer a glimpse into Ovalo's past. The town's friendly atmosphere and scenic surroundings make it a perfect place to call home.
The Benefits of Bridge Loans in Ovalo, Texas
