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Navigating the process of buying a new home in Woodlake, 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 Woodlake, TX or getting it ready for the market.
Identify the new home you want to buy in Woodlake, 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 Woodlake, 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 Woodlake, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Woodlake, 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 Woodlake, 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 Woodlake, 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 Woodlake, 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 Woodlake, 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 Woodlake, Texas offer numerous benefits to homeowners. These short-term loans provide financial flexibility to bridge the gap between the purchase of a new home and the sale of a current property. They help avoid the stress of timing contingencies, allowing seamless transitions during the moving process. Woodlake, Texas, with a population of approximately 6,000 residents, boasts a diverse community with a strong sense of local pride. The area is known for its peaceful neighborhoods, excellent schools, and convenient access to major highways, making it an ideal place for families looking to settle down. The housing market in Woodlake, Texas, is vibrant and dynamic. With a steady increase in property values, investing in real estate in this region can be lucrative. Bridge loans facilitate quick property acquisitions, enabling buyers to take advantage of the growing market and secure their dream homes. Woodlake, Texas, offers a range of attractions for residents and visitors. From picturesque parks and recreational facilities to charming local shops and restaurants, there is something for everyone to enjoy. The town's rich history and cultural heritage make it a unique and welcoming place to call home.
Benefits of Bridge Loans in Woodlake, Texas