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Navigating the process of buying a new home in Richards, 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 Richards, TX or getting it ready for the market.
Identify the new home you want to buy in Richards, 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 Richards, 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 Richards, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Richards, 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 Richards, 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 Richards, 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 Richards, 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 Richards, 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 Richards, Texas offer a valuable financial solution for individuals looking to purchase a new home while waiting for their current home to sell. These loans provide quick access to funds to facilitate the transition without the stress of overlapping mortgages. Demographics: Richards, Texas, is a small town with a close-knit community. The population consists of primarily families and retirees, creating a warm and welcoming atmosphere for residents. The town boasts a low crime rate and excellent schools, making it an ideal location for those seeking a peaceful lifestyle. Housing Market: The housing market in Richards, Texas, is experiencing steady growth. With affordable housing options and increasing property values, investing in real estate in this area can be lucrative. Bridge loans can help buyers secure their dream home without missing out on opportunities due to financial constraints. Main Attractions: Richards, Texas, is surrounded by picturesque natural beauty, including lush parks, hiking trails, and scenic lakes. Residents can enjoy outdoor activities like fishing, camping, and birdwatching. The town also hosts local events and festivals that celebrate its rich cultural heritage.
Benefits of Bridge Loans in Richards, Texas
