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Navigating the process of buying a new home in Tulia, 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 Tulia, TX or getting it ready for the market.
Identify the new home you want to buy in Tulia, 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 Tulia, 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 Tulia, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Tulia, 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 Tulia, 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 Tulia, 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 Tulia, 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 Tulia, 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 offer immediate financial support for individuals looking to buy a new home before selling their existing one in Tulia. This type of loan provides flexibility and helps avoid the stress of timing the sale and purchase perfectly. Tulia, Texas, is a charming town with a population of approximately 5,000 residents. The community embraces a relaxed lifestyle, and the cost of living is lower than the national average, making it an attractive place for families, retirees, and young professionals. In Tulia's housing market, there is a range of options available, from historic homes to modern constructions, catering to different preferences. The market is stable, with steady appreciation rates, making it a sound investment for those looking to settle in the area. Some main attractions in Tulia include the Swisher County Museum, showcasing the history of the region, and the beautiful Mackenzie Park, offering outdoor recreational activities for residents and visitors alike.
Benefits of Bridge Loans in Tulia, Texas
