Get Approved at The Lowest Rate
Navigating the process of buying a new home in Hye, 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 Hye, TX or getting it ready for the market.
Identify the new home you want to buy in Hye, 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 Hye, 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 Hye, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hye, 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 Hye, 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 Hye, 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 Hye, 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 Hye, 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 Hye, Texas offer several advantages for homebuyers. These short-term loans provide quick financing to bridge the gap between the purchase of a new home and the sale of the existing one. This allows buyers to secure their new property without waiting for their old home to sell, providing flexibility and convenience in the transition. Demographics in Hye, located in the heart of the Texas Hill Country, show a mix of rural and suburban settings. With a population of approximately 1,000 residents, the area offers a close-knit community feel. The median age is 45, and the median household income is $65,000, making it an attractive location for families and individuals looking for a peaceful living environment. The housing market in Hye is characterized by a mix of traditional ranch-style homes and modern developments. The average home price is around $350,000, offering affordable options for both first-time buyers and those looking to upgrade. With a steady appreciation rate of 3% per year, Hye presents a stable market for real estate investments. Main attractions in Hye include the popular Garrison Brothers Distillery, known for its award-winning bourbon tours. The area is also home to the Lyndon B. Johnson National Historical Park, showcasing the former president's ranch and museum. The scenic surroundings of the Texas Hill Country offer outdoor activities such as hiking, fishing, and vineyard tours, making Hye a desirable location for both residents and visitors.
Benefits of Bridge Loans in Hye, Texas
