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Navigating the process of buying a new home in Woodway, 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 Woodway, TX or getting it ready for the market.
Identify the new home you want to buy in Woodway, 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 Woodway, 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 Woodway, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Woodway, 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 Woodway, 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 Woodway, 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 Woodway, 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 Woodway, 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 Woodway, Texas offer a convenient financing option for homeowners who are buying a new property before selling their current one. This type of loan helps bridge the gap between the purchase of a new home and the sale of the existing one, providing financial flexibility and avoiding the need for a contingent offer. Woodway, Texas, is a vibrant community with a population that values its small-town charm while enjoying close proximity to the amenities of nearby cities like Waco. The town boasts a diverse demographic with professionals, families, and retirees making up its population, creating a welcoming and inclusive atmosphere. The housing market in Woodway, Texas, is characterized by a steady demand for residential properties, with a mix of single-family homes, townhouses, and condos available. The market offers a range of options to suit different preferences and budgets, making it an attractive location for both first-time buyers and seasoned real estate investors. Some of the main attractions in Woodway, Texas, include the picturesque Woodway Park, known for its scenic trails and recreational facilities, making it a popular destination for outdoor enthusiasts. Additionally, the town is home to a variety of dining, shopping, and entertainment options, ensuring residents have access to all the conveniences they need.
Benefits of Bridge Loans in Woodway, Texas
