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Navigating the process of buying a new home in Tenaha, 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 Tenaha, TX or getting it ready for the market.
Identify the new home you want to buy in Tenaha, 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 Tenaha, 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 Tenaha, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Tenaha, 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 Tenaha, 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 Tenaha, 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 Tenaha, 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 Tenaha, 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 Tenaha, Texas offer a valuable financing option for individuals looking to purchase a new property before selling their existing one. These loans provide the necessary funds to bridge the gap between the sale of the current property and the purchase of a new one, preventing financial strain. Tenaha, Texas, a small yet vibrant town, boasts a population of around 1,100 residents. The town's community is known for its friendliness and strong sense of unity, making it an ideal place for families and individuals looking for a close-knit community. The housing market in Tenaha, Texas, is characterized by a mix of historic homes and modern properties. With a median home value below the national average, Tenaha offers affordable housing options for both first-time buyers and seasoned homeowners. Some main attractions in Tenaha include the Tenaha Depot Museum, showcasing the town's rich history, and the Tenaha Tiger Stadium, a popular spot for sports enthusiasts. Additionally, residents and visitors can enjoy the tranquil surroundings of Lake Murvaul, perfect for outdoor activities and relaxation.
Benefits of Bridge Loans in Tenaha, Texas
