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Navigating the process of buying a new home in Yancey, 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 Yancey, TX or getting it ready for the market.
Identify the new home you want to buy in Yancey, 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 Yancey, 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 Yancey, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Yancey, 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 Yancey, 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 Yancey, 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 Yancey, 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 Yancey, 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 Yancey, Texas offer quick access to funds for homeowners, enabling them to bridge the gap between buying a new home and selling their existing one. These loans provide flexibility and help avoid the need for contingent offers, making the buying process smoother and more competitive. Yancey, Texas, a small town with a diverse population, offers a tight-knit community feel. The demographics include a mix of families, young professionals, and retirees, creating a welcoming and inclusive environment. The housing market in Yancey, Texas is stable and growing, with a variety of housing options to suit different preferences and budgets. The town offers affordable housing options compared to neighboring areas, making it an attractive choice for first-time homebuyers and those looking to upgrade their homes. Some main attractions in Yancey, Texas, include the beautiful Yancey Community Park, where residents can enjoy outdoor activities and social gatherings. Additionally, the town's proximity to natural attractions like rivers and parks provides opportunities for hiking, fishing, and other recreational activities, making it an ideal place for nature lovers.
Benefits of Bridge Loans in Yancey, Texas
