Get Approved at The Lowest Rate
Navigating the process of buying a new home in Tatum, 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 Tatum, TX or getting it ready for the market.
Identify the new home you want to buy in Tatum, 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 Tatum, 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 Tatum, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Tatum, 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 Tatum, 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 Tatum, 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 Tatum, 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 Tatum, 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 Tatum, Texas provide a vital financial lifeline for homeowners looking to purchase a new property before selling their existing one. These short-term loans offer flexibility and speed, allowing individuals to seize real estate opportunities without waiting for their current home to sell. Tatum, Texas, located in Rusk County, boasts a population of approximately 1,300 residents. This rural community offers a peaceful escape from the hustle and bustle of city life, with a close-knit atmosphere that appeals to families and retirees alike. The housing market in Tatum is characterized by affordable home prices and a steady increase in property values. With a diverse range of housing options, from charming single-family homes to spacious ranch properties, Tatum presents opportunities for buyers at various price points. Some of the main attractions in Tatum include the Tatum Depot Museum, which showcases the town's rich railroad history, and Lake Cherokee, a popular spot for fishing and water sports. Additionally, outdoor enthusiasts can explore the nearby Caddo Lake State Park for hiking and wildlife viewing.
Bridge Loans in Tatum, Texas
