Get Approved at The Lowest Rate
Navigating the process of buying a new home in Raywood, 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 Raywood, TX or getting it ready for the market.
Identify the new home you want to buy in Raywood, 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 Raywood, 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 Raywood, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Raywood, 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 Raywood, 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 Raywood, 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 Raywood, 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 Raywood, 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 a temporary financing option for homebuyers in Raywood. They provide the flexibility to buy a new home before selling your current one, avoiding the stress of timing the transactions perfectly. Demographics in Raywood, Texas, show a diverse community with a population of approximately 1,200 residents. The median household income is $55,000, with a mix of families, young professionals, and retirees creating a vibrant atmosphere. The housing market in Raywood is competitive, with a median home price of $250,000. Bridge loans can help buyers secure their dream home in this market by providing quick access to funds and increasing negotiating power. Raywood boasts several main attractions, including the Sam Houston National Forest for outdoor enthusiasts, the Trinity River for water activities, and local parks for family outings. The town's rich history and close-knit community make it a charming place to call home.
Benefits of Bridge Loans in Raywood, Texas
