Get Approved at The Lowest Rate
Navigating the process of buying a new home in Ratcliff, 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 Ratcliff, TX or getting it ready for the market.
Identify the new home you want to buy in Ratcliff, 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 Ratcliff, 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 Ratcliff, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ratcliff, 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 Ratcliff, 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 Ratcliff, 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 Ratcliff, 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 Ratcliff, 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 Ratcliff, Texas offer individuals the flexibility to secure funds quickly to bridge the gap between the purchase of a new home before selling their current one. This type of loan helps avoid missed opportunities and allows for smoother transitions between properties. Demographically, Ratcliff, Texas, is a small rural town with a close-knit community. The population consists of mainly families and retirees looking for a peaceful place to settle down. The town is known for its friendly residents and welcoming atmosphere. The housing market in Ratcliff, Texas, is stable with a variety of housing options available. From cozy single-family homes to spacious ranch-style properties, there is something for every buyer. The market is competitive yet offers affordable options compared to nearby urban areas. Ratcliff, Texas, boasts several main attractions that draw visitors and residents alike. With its picturesque natural surroundings, outdoor enthusiasts can enjoy activities such as hiking, fishing, and camping. The town also has historical sites, local shops, and charming restaurants to explore.
Benefits of Bridge Loans in Ratcliff, Texas
