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Navigating the process of buying a new home in Richmond, 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 Richmond, TX or getting it ready for the market.
Identify the new home you want to buy in Richmond, 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 Richmond, 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 Richmond, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Richmond, 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 Richmond, 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 Richmond, 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 Richmond, 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 Richmond, 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 Richmond, Texas offer a valuable financing solution for homeowners looking to purchase a new home before selling their current one. These short-term loans bridge the gap between the sale of the existing property and the purchase of a new one, providing flexibility and financial support during the transition period. Demographics Richmond, Texas, located in Fort Bend County, is a diverse and vibrant community with a population that has been steadily growing in recent years. The town boasts a strong sense of community, with a mix of young professionals, families, and retirees calling it home. Housing Market The housing market in Richmond, Texas, is thriving, offering a range of options from historic homes to modern developments. The area has seen steady appreciation in property values, making it an attractive location for both buyers and sellers. Bridge loans can help buyers seize opportunities in this competitive market. Main Attractions Richmond offers a blend of small-town charm and modern amenities. Visitors and residents alike enjoy exploring the historic downtown area, visiting local parks and museums, and attending community events. With easy access to Houston, Richmond provides the perfect balance of urban convenience and suburban tranquility.
Benefits of Bridge Loans in Richmond, Texas
