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Navigating the process of buying a new home in Ravenna, 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 Ravenna, TX or getting it ready for the market.
Identify the new home you want to buy in Ravenna, 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 Ravenna, 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 Ravenna, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ravenna, 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 Ravenna, 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 Ravenna, 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 Ravenna, 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 Ravenna, 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 Ravenna, Texas offer numerous benefits to homeowners and property investors. These short-term loans provide quick access to funds to bridge the gap between the purchase of a new property and the sale of an existing one. They are particularly beneficial in situations where buyers need immediate financing to secure a new property without having to wait for their current property to sell. Ravenna, Texas, a charming town with a population of approximately 800 residents, is known for its tight-knit community and friendly atmosphere. The area boasts a diverse population, with a mix of young families, professionals, and retirees. The town's convenient location, just a short drive from major cities like Dallas and Fort Worth, makes it an attractive place to live for those seeking a balance between small-town charm and urban amenities. The housing market in Ravenna, Texas, is experiencing steady growth, with rising property values and increasing demand for homes in the area. Bridge loans can provide buyers with the flexibility and financial support they need to capitalize on the market's opportunities. Whether you're looking to upgrade to a larger home or invest in rental properties, a bridge loan can help you achieve your real estate goals in Ravenna. Some of the main attractions in Ravenna include the picturesque Main Street lined with local shops and restaurants, the beautiful parks and outdoor recreational areas, and the close-knit community events that bring residents together throughout the year. With its rich history and welcoming vibe, Ravenna, Texas, offers a unique and appealing lifestyle for both residents and visitors.
Benefits of Bridge Loans in Ravenna, Texas
