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Navigating the process of buying a new home in Tye, 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 Tye, TX or getting it ready for the market.
Identify the new home you want to buy in Tye, 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 Tye, 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 Tye, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Tye, 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 Tye, 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 Tye, 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 Tye, 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 Tye, 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!
Benefits of Bridge Loans: Bridge loans in Tye, Texas offer quick financing solutions to homeowners allowing them to bridge the gap between the purchase of a new home and the sale of their current one. These loans provide flexibility and help avoid contingencies, making the buying process smoother and more efficient. Demographics: Tye, Texas, has a population of approximately 1,300 residents. The town has a diverse community with a mix of families, young professionals, and retirees. The median household income is above the national average, showcasing a stable economic environment. Housing Market: The housing market in Tye, Texas, is robust with a variety of housing options including single-family homes, townhouses, and apartments. The median home value is competitive, making it an attractive location for both first-time homebuyers and investors. Main Attractions: Tye, Texas, is known for its charming small-town feel and close-knit community. Residents enjoy easy access to nearby parks, recreational facilities, and local eateries. The town's proximity to major highways also provides convenient travel options for residents.
Bridge Loans in Tye, Texas
