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Navigating the process of buying a new home in Tennyson, 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 Tennyson, TX or getting it ready for the market.
Identify the new home you want to buy in Tennyson, 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 Tennyson, 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 Tennyson, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Tennyson, 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 Tennyson, 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 Tennyson, 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 Tennyson, 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 Tennyson, 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 of Bridge Loans Bridge loans offer quick financing solutions for homeowners in Tennyson, Texas, allowing them to bridge the gap between buying a new home and selling their current one. These loans provide flexibility, enabling homeowners to make competitive offers without the condition of selling their existing property first. Demographics Tennyson, Texas, has a diverse population with a mix of families, young professionals, and retirees. The community values education, with reputable schools and colleges in the area. The median household income is above the national average, reflecting a stable economic environment. Housing Market Information The housing market in Tennyson, Texas, is competitive yet affordable. Home prices have been steadily increasing due to high demand and low inventory. Bridge loans can help homeowners seize buying opportunities and navigate the fast-paced market with ease. Main Attractions Tennyson boasts scenic parks, vibrant cultural venues, and a lively dining scene. Residents enjoy outdoor activities such as hiking, biking, and fishing. The town's rich history is preserved in local museums and historic sites, offering a glimpse into its heritage.
Bridge Loans in Tennyson, Texas
