Life Stage · Texas
Downsizing in Texas
Sell the larger home, free up equity, and move into something simpler in Texas — without surrendering your lifestyle.
Common challenges we solve
- Timing the sale of the current home and the new purchase
- Wanting to avoid a temporary rental or storage
- Fixed-income mortgage qualifying after retirement
- Maximizing tax efficiency on equity
What you get with Lumos
Bridge financing so you don't sell before you buy
Asset-depletion loans for retired or pre-retirees
Smaller monthly payment, freed-up cash flow
What's different in Texas
Homeowners 65 and older in Texas can receive an additional homestead exemption and a school-tax ceiling on their residence, so a lower-priced home can mean a noticeably smaller tax bill. Texas has no state income tax, but property tax rates are among the higher ones in the country, and newer subdivisions often add MUD or PID assessments — all of which count toward your monthly debt-to-income ratio.
Loan programs that typically fit
Frequently asked
- Can I buy before I sell?
- Yes — bridge and recast strategies let you secure the new home first and pay down once the old one sells.
- What if I'm retired?
- Asset-depletion programs let us qualify you using investment and retirement balances instead of W-2 income.
- Will I pay capital gains?
- Many primary-residence sellers may exclude up to $250k single / $500k married. Consult your tax advisor — we coordinate with your CPA.
