Get Approved at The Lowest Rate
Navigating the process of buying a new home in Rankin, 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 Rankin, TX or getting it ready for the market.
Identify the new home you want to buy in Rankin, 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 Rankin, 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 Rankin, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rankin, 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 Rankin, 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 Rankin, 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 Rankin, 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 Rankin, 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 offer several benefits for homebuyers in Rankin, Texas. They provide temporary financing to bridge the gap between the purchase of a new home and the sale of the current one. This allows buyers to secure their new property without being contingent on selling their existing one. It also provides flexibility and quick access to funds, enabling buyers to act fast in competitive real estate markets. Rankin, Texas, a small town with a population of approximately 800 residents, boasts a strong community spirit and a low cost of living. The town is known for its friendly locals, safe neighborhoods, and excellent schools, making it an attractive place for families and retirees alike. The demographics of Rankin showcase a diverse and welcoming community. The housing market in Rankin offers a mix of affordable single-family homes and charming ranch-style properties. With a steady appreciation in home values and a stable market, Rankin presents opportunities for both investors and primary homebuyers. Bridge loans in Rankin can help buyers take advantage of these favorable market conditions and secure their dream home. While in Rankin, visitors can explore the historic Rankin Museum, which showcases the town's rich history and heritage. Outdoor enthusiasts can enjoy the nearby Rankin State Park, offering hiking trails, picnicking spots, and scenic views. The local eateries and shops in Rankin provide a taste of small-town charm, making it a delightful place to visit and call home.
Exploring Bridge Loans in Rankin, Texas
