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Navigating the process of buying a new home in Rio Hondo, 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 Hondo, TX or getting it ready for the market.
Identify the new home you want to buy in Rio Hondo, 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 Hondo, 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 Hondo, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rio Hondo, 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 Hondo, 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 Hondo, 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 Hondo, 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 Hondo, 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 Hondo, Texas offer numerous benefits. These short-term loans provide immediate funds to bridge financial gaps, allowing borrowers to quickly purchase a new home before selling their current one. They are especially beneficial in competitive real estate markets where quick transactions are essential. Rio Hondo, Texas, is a vibrant community with a diverse population. The demographics of the city include a mix of families, young professionals, and retirees. The area is known for its friendly neighborhoods, excellent schools, and strong sense of community, making it an attractive place to live for people of all ages. The housing market in Rio Hondo is dynamic and offers a range of options for homebuyers. From historic homes with character to modern developments with top-notch amenities, the city has something for everyone. The market is competitive, with properties often selling quickly, making bridge loans a valuable tool for those looking to secure their dream home. Aside from its real estate appeal, Rio Hondo boasts a variety of main attractions. The city is home to beautiful parks, recreational facilities, and cultural venues. Outdoor enthusiasts can enjoy activities like hiking, fishing, and boating, while art and history lovers can explore local museums and galleries.
Benefits of Bridge Loans in Rio Hondo, Texas
