Get Approved at The Lowest Rate
Navigating the process of buying a new home in Myra, 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 Myra, TX or getting it ready for the market.
Identify the new home you want to buy in Myra, 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 Myra, 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 Myra, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Myra, 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 Myra, 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 Myra, 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 Myra, 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 Myra, 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 serve as a crucial financial tool for residents in Myra, Texas. These short-term loans provide quick access to capital, enabling homeowners to bridge the gap between the purchase of a new home and the sale of their existing one. This flexibility allows individuals to make confident purchasing decisions without the stress of timing constraints. Demographically, Myra boasts a diverse population, with a strong sense of community. The town is home to families of various ethnicities and backgrounds, creating a vibrant and inclusive atmosphere. Residents enjoy a peaceful rural setting, with close proximity to urban centers like Denton and Gainesville. In terms of the housing market, Myra offers a range of options suitable for different preferences and budgets. The market is characterized by stable prices and a steady flow of inventory, making it an attractive destination for both first-time buyers and seasoned investors. Bridge loans play a pivotal role in facilitating seamless transitions for buyers in this competitive market. Myra, Texas, features a unique blend of attractions that appeal to residents and visitors alike. From the charming local shops and eateries to the picturesque nature trails, there is something for everyone to enjoy. The town's rich historical heritage and welcoming community make it a hidden gem worth exploring.
Bridge Loans: A Valuable Resource in Myra, Texas
