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Navigating the process of buying a new home in Troy, 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 Troy, TX or getting it ready for the market.
Identify the new home you want to buy in Troy, 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 Troy, 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 Troy, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Troy, 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 Troy, 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 Troy, 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 Troy, 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 Troy, 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 Troy, Texas offer numerous advantages to both buyers and sellers. These short-term loans help bridge the gap between the purchase of a new home before selling the current one, providing financial flexibility to secure the new property without the constraints of waiting for the old one to sell. Demographically, Troy is a small, close-knit community in Central Texas with a population of around 2,100. It offers a peaceful and family-friendly environment, making it an ideal place to raise a family or retire in a serene setting. In terms of the housing market, Troy features a mix of traditional single-family homes, new developments, and rural properties. The market is stable with moderate appreciation rates, making it a favorable location for real estate investments and homeowners looking for a balance between affordability and quality of life. Some of the main attractions in Troy include the historic downtown district, local parks, and annual events like the TroyFest. Residents enjoy a range of outdoor activities, community gatherings, and easy access to nearby cities for additional entertainment and amenities.
The Benefits of Bridge Loans in Troy, Texas
