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Navigating the process of buying a new home in Wheelock, 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 Wheelock, TX or getting it ready for the market.
Identify the new home you want to buy in Wheelock, 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 Wheelock, 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 Wheelock, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wheelock, 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 Wheelock, 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 Wheelock, 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 Wheelock, 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 Wheelock, 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 Wheelock, Texas offer a valuable financial solution for homeowners looking to purchase a new home before selling their current one. These loans provide short-term financing that bridges the gap between the sale of the old home and the purchase of the new one, avoiding the need for a contingency offer. Wheelock, Texas, with a population of approximately 200 residents, is a small, tight-knit community known for its rural charm and peaceful surroundings. The town boasts a rich history and a strong sense of community, making it an ideal place for families and individuals looking for a serene environment. The Wheelock housing market is stable, with a variety of housing options ranging from historic homes to modern developments. The median home value in Wheelock is around $250,000, making it an affordable option for those seeking a quieter lifestyle away from the hustle and bustle of larger cities. While Wheelock may be small, it offers a range of attractions for residents and visitors alike. From exploring the local parks and nature reserves to attending community events and festivals, there is always something to do in this charming town.
Benefits of Bridge Loans in Wheelock, Texas
