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Navigating the process of buying a new home in Rainbow, 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 Rainbow, TX or getting it ready for the market.
Identify the new home you want to buy in Rainbow, 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 Rainbow, 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 Rainbow, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rainbow, 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 Rainbow, 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 Rainbow, 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 Rainbow, 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 Rainbow, 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 Rainbow, Texas offer numerous benefits to homeowners. These short-term loans provide the funding needed to bridge the gap between the purchase of a new home and the sale of the current one. One of the key advantages is the quick access to funds, allowing buyers to secure their new property without delays. Rainbow, Texas, is a charming community with a diverse demographic makeup. The town boasts a mix of young families and retirees, creating a vibrant and welcoming atmosphere. The residents here take pride in their community and work together to maintain its beauty and charm. The housing market in Rainbow, Texas, is competitive yet offers great opportunities for both buyers and sellers. With a range of housing options from historic homes to modern builds, there is something for everyone. The market has shown steady growth over the years, making it an attractive location for real estate investments.
Benefits of Bridge Loans in Rainbow, Texas
