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Navigating the process of buying a new home in Richland, 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 Richland, TX or getting it ready for the market.
Identify the new home you want to buy in Richland, 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 Richland, 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 Richland, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Richland, 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 Richland, 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 Richland, 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 Richland, 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 Richland, 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 can provide quick access to capital for individuals looking to purchase a new home before selling their existing one. This can help in securing the new property without waiting for the sale of the current home. Demographics: Richland, Texas, is a small, tight-knit community with a population of approximately 3,000 residents. The town has a mix of young families and retirees, creating a diverse and welcoming atmosphere. Housing Market: The real estate market in Richland offers a variety of housing options, from charming historic homes to modern developments. The market is currently stable, with a moderate increase in home values in recent years. Main Attractions: Richland boasts beautiful parks, such as Lakeview Park, where residents can enjoy picnics and outdoor activities. The town also has a vibrant downtown area with local shops and restaurants, providing a sense of community and convenience to its residents.
Bridge Loans Benefits in Richland, Texas
