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Navigating the process of buying a new home in Troup, 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 Troup, TX or getting it ready for the market.
Identify the new home you want to buy in Troup, 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 Troup, 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 Troup, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Troup, 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 Troup, 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 Troup, 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 Troup, 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 Troup, 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 Troup, Texas provide quick financing solutions for individuals looking to purchase a new home before selling their existing property. These loans offer flexibility and speed, allowing borrowers to bridge the gap between buying and selling without missing out on their dream home. Demographics Troup, Texas, is a charming small town with a population of around 2,000 residents. The community is tight-knit, offering a friendly and welcoming atmosphere for both families and retirees. The town boasts a strong sense of community pride and a rich cultural heritage. Housing Market The housing market in Troup, Texas, is diverse, offering a range of housing options from historic homes to modern developments. The market is competitive yet affordable, making it an attractive location for both first-time homebuyers and those looking to invest in real estate. With the assistance of bridge loans, buyers can navigate the market with ease. Main Attractions Troup, Texas, is known for its scenic beauty and outdoor recreational opportunities. From picturesque parks and nature trails to local museums and cultural events, the town offers a variety of attractions for residents and visitors alike. Additionally, the vibrant local dining scene and shopping options add to the town's appeal.
Benefits of Bridge Loans in Troup, Texas
