Get Approved at The Lowest Rate
Navigating the process of buying a new home in Tioga, 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 Tioga, TX or getting it ready for the market.
Identify the new home you want to buy in Tioga, 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 Tioga, 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 Tioga, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Tioga, 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 Tioga, 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 Tioga, 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 Tioga, 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 Tioga, 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 Tioga, Texas offer numerous benefits for borrowers. They provide quick access to funds for purchasing a new home before selling an existing one, helping to avoid timing gaps in transactions. Tioga, Texas, has a diverse demographic makeup comprising primarily of families and young professionals. The community is known for its friendly atmosphere and a strong sense of unity. The housing market in Tioga, Texas, is currently stable with a growing demand for properties. Home prices are competitive, making it an attractive location for potential buyers and investors. Some main attractions in Tioga include the Ray Roberts Lake State Park, offering outdoor recreational activities, and the historic downtown area with charming shops and restaurants that attract both locals and tourists.
Benefits of Bridge Loans in Tioga, Texas
