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Navigating the process of buying a new home in Toyah, 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 Toyah, TX or getting it ready for the market.
Identify the new home you want to buy in Toyah, 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 Toyah, 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 Toyah, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Toyah, 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 Toyah, 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 Toyah, 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 Toyah, 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 Toyah, 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 Toyah, Texas offer a flexible financing option for individuals looking to purchase a new property without having sold their current one. These short-term loans provide quick access to funds, allowing buyers to secure their dream home while waiting for their existing property to sell. Demographics: Toyah, Texas, is a small town with a population of approximately 100 residents. The community is tight-knit, consisting mainly of families and retirees. The town boasts a rich cultural history and a strong sense of community spirit. Housing Market: The housing market in Toyah, Texas, offers a mix of historic homes and modern properties. With the help of bridge loans, buyers can take advantage of the diverse real estate options available in the area, from charming ranch-style houses to newly built residences. Main Attractions: Toyah is known for its picturesque landscapes, including the nearby Toyah Lake and scenic hiking trails. The town also hosts annual events like the Toyah Rodeo, attracting visitors from across the state to experience the local culture and hospitality.
Benefits of Bridge Loans in Toyah, Texas
