Get Approved at The Lowest Rate
Navigating the process of buying a new home in Ringgold, 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 Ringgold, TX or getting it ready for the market.
Identify the new home you want to buy in Ringgold, 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 Ringgold, 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 Ringgold, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ringgold, 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 Ringgold, 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 Ringgold, 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 Ringgold, 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 Ringgold, 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 can offer a valuable solution for homebuyers in Ringgold, Texas by providing short-term financing to bridge the gap between the purchase of a new home and the sale of their current one. This can help buyers secure their dream home without being contingent on the sale of their existing property. Demographics in Ringgold, Texas show a vibrant community with a mix of age groups but a predominant presence of families and older adults. The area is known for its strong sense of community and excellent school system, making it an attractive location for families looking to settle down. The housing market in Ringgold, Texas is currently showing signs of steady growth, with a competitive market for both buyers and sellers. Bridge loans can help expedite the home buying process, giving buyers an edge in securing properties in a market with low inventory and high demand. Main attractions in Ringgold, Texas include the picturesque downtown area with charming shops and restaurants, as well as the beautiful parks and recreational areas that offer a variety of outdoor activities for residents and visitors alike.
The Benefits of Bridge Loans in Ringgold, Texas
