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Navigating the process of buying a new home in Rice, 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 Rice, TX or getting it ready for the market.
Identify the new home you want to buy in Rice, 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 Rice, 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 Rice, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rice, 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 Rice, 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 Rice, 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 Rice, 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 Rice, 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 valuable financing option for residents in Rice, Texas. These short-term loans provide immediate funds to bridge the gap between the purchase of a new home and the sale of a current property. One of the major benefits of bridge loans is the quick access to cash, allowing homeowners to make a competitive offer on a new house without waiting for their existing property to sell. Rice, Texas, is a small town with a population of around 1,000 residents. The community is known for its safe and family-friendly environment, making it an ideal place for families and retirees. The town has a rich history and offers a close-knit community feel that many residents appreciate. The housing market in Rice, Texas, is characterized by affordable prices and a range of housing options. Whether you are looking for a cozy single-family home or a spacious ranch-style property, you can find suitable housing in Rice. With the help of bridge loans, buyers can take advantage of the favorable market conditions and secure their dream home quickly. While Rice may be a small town, it offers several main attractions for residents and visitors to enjoy. The town is surrounded by picturesque countryside, providing ample opportunities for outdoor activities such as hiking, fishing, and camping. Additionally, Rice is located within driving distance of larger cities like Dallas, offering easy access to urban amenities and entertainment options.
Bridge Loans in Rice, Texas
