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Navigating the process of buying a new home in Richland Springs, 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 Springs, TX or getting it ready for the market.
Identify the new home you want to buy in Richland Springs, 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 Springs, 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 Springs, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Richland Springs, 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 Springs, 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 Springs, 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 Springs, 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 Springs, 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 Richland Springs provide borrowers with a flexible financing option when buying a new home before selling their current one. This type of loan helps bridge the financial gap and ensures a smooth transition without the stress of carrying two mortgages at once. Demographically, Richland Springs is a small town located in Central Texas with a population of around 350 residents. The town boasts a close-knit community with a strong sense of unity and pride in its heritage. The housing market in Richland Springs offers affordable real estate options that cater to various budgets. The median home price is lower than the state average, making it an attractive destination for first-time homebuyers and those looking to invest in a growing market. Main attractions in Richland Springs include beautiful natural landscapes, such as Pecan Bottom Park and numerous fishing spots along the Colorado River. Additionally, visitors can explore historical sites like the Old City Jail Museum and enjoy local events that celebrate the town's culture and history.
Benefits of Bridge Loans in Richland Springs, Texas
