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Navigating the process of buying a new home in Tuscola, 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 Tuscola, TX or getting it ready for the market.
Identify the new home you want to buy in Tuscola, 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 Tuscola, 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 Tuscola, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Tuscola, 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 Tuscola, 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 Tuscola, 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 Tuscola, 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 Tuscola, 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 Tuscola, Texas offer a temporary financing solution for homeowners looking to purchase a new property before selling their existing one. One of the main advantages is the quick access to funds, allowing individuals to secure their dream home without waiting for their current property to sell. Demographically, Tuscola is a small town located in Taylor County, Texas, with a population of approximately 750 people. The community is close-knit, offering a peaceful and welcoming environment for residents of all ages. The town is known for its strong sense of community, excellent schools, and low crime rates. Regarding the housing market, Tuscola provides a range of housing options, from quaint single-family homes to spacious ranch-style properties. The market is currently stable, with a growing demand for homes due to the town's peaceful setting and proximity to larger cities like Abilene. Some main attractions in Tuscola include the famous Perini Ranch Steakhouse, known for its delicious steaks and welcoming atmosphere. Additionally, residents and visitors can enjoy outdoor activities at the nearby Cooper Lake State Park or explore the local shops and boutiques in downtown Tuscola.
Benefits of Bridge Loans in Tuscola, Texas
