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Navigating the process of buying a new home in Ralls, 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 Ralls, TX or getting it ready for the market.
Identify the new home you want to buy in Ralls, 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 Ralls, 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 Ralls, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ralls, 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 Ralls, 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 Ralls, 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 Ralls, 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 Ralls, 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 offer quick financing solutions for homeowners in Ralls, Texas, allowing them to bridge the gap between the purchase of a new home and the sale of their existing one. Demographics Ralls, Texas, is a small town with a population of around 2,000 residents. The community is tight-knit, with a mix of families and retirees, creating a friendly and welcoming atmosphere. Housing Market Information The housing market in Ralls is stable, with a median home value of $120,000. Bridge loans can help buyers take advantage of opportunities in this affordable market without the stress of timing the sale of their current home. Main Attractions Ralls is known for its rich history and charming downtown area. Visitors can explore local shops, dine at authentic Texan restaurants, and enjoy outdoor activities in the nearby parks and recreational areas.
Benefits of Bridge Loans in Ralls, Texas
