Get Approved at The Lowest Rate
Navigating the process of buying a new home in Teague, 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 Teague, TX or getting it ready for the market.
Identify the new home you want to buy in Teague, 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 Teague, 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 Teague, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Teague, 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 Teague, 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 Teague, 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 Teague, 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 Teague, 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!
Benefits: Bridge loans in Teague, Texas offer a temporary financing solution for individuals looking to purchase a new home before selling their existing one. This allows for a smoother transition without the need to rush the sale of the current property. Demographics: Teague, Texas has a population of approximately 3,560 residents. The town boasts a diverse community with a median household income of $35,000. The area is known for its friendly neighborhoods and strong sense of community. Housing Market: Teague's housing market is stable with a median home value of $90,000. The market offers a range of housing options from historic homes to newer developments. Bridge loans can provide flexibility to buyers in this market. Main Attractions: Teague is home to the Teague Heritage Museum, showcasing the town's rich history. Outdoor enthusiasts can enjoy Lake Fairfield for boating and fishing. The town also hosts various community events throughout the year.
Benefits of Bridge Loans in Teague, Texas
