Get Approved at The Lowest Rate
Navigating the process of buying a new home in Rio Frio, 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 Rio Frio, TX or getting it ready for the market.
Identify the new home you want to buy in Rio Frio, 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 Rio Frio, 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 Rio Frio, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rio Frio, 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 Rio Frio, 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 Rio Frio, 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 Rio Frio, 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 Rio Frio, 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 Rio Frio, Texas offer individuals the convenience of securing short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. These loans provide flexibility and can be instrumental in avoiding delays in real estate transactions. Demographically, Rio Frio, Texas, is a charming small town with a population of around 1000 residents. The community boasts a diverse mix of individuals, creating a welcoming environment for new residents. The town's strong sense of community and tight-knit neighborhoods make it an ideal place to live for families and retirees alike. In terms of the housing market, Rio Frio offers a range of options, from cozy single-family homes to sprawling ranch properties. The market is relatively stable with moderate appreciation rates, making it a favorable location for both buyers and sellers. Bridge loans can help buyers make competitive offers and secure their dream home in this desirable market. Main attractions in Rio Frio include the stunning Garner State Park, known for its picturesque landscapes and outdoor activities. The Frio River offers recreational opportunities such as tubing and fishing, while the Lost Maples State Natural Area provides hiking trails with breathtaking views of the fall foliage.
Benefits of Bridge Loans in Rio Frio, Texas
