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Navigating the process of buying a new home in Rhome, 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 Rhome, TX or getting it ready for the market.
Identify the new home you want to buy in Rhome, 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 Rhome, 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 Rhome, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rhome, 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 Rhome, 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 Rhome, 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 Rhome, 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 Rhome, 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, ideal for homebuyers looking to purchase a new property before selling their current one. They provide flexibility and bridge the gap between transactions, avoiding missed opportunities. Demographics: Rhome, Texas, is a charming rural town with a growing population primarily made up of families and young professionals. The area boasts a strong sense of community, with residents enjoying a mix of suburban and country living. Housing Market: The housing market in Rhome is competitive yet affordable, with a variety of properties ranging from spacious rural homes to modern suburban townhouses. Bridge loans can help buyers secure their dream home in this dynamic real estate market. Main Attractions: Rhome offers picturesque natural surroundings and outdoor recreational activities like hiking, fishing, and camping. The town also has quaint local shops, delicious dining options, and easy access to larger cities for additional entertainment.
Bridge Loans in Rhome, Texas
