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Navigating the process of buying a new home in Rio Vista, 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 Vista, TX or getting it ready for the market.
Identify the new home you want to buy in Rio Vista, 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 Vista, 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 Vista, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rio Vista, 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 Vista, 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 Vista, 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 Vista, 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 Vista, 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 provide short-term financing solutions for homeowners in Rio Vista, Texas, allowing them to bridge the gap between the purchase of a new home and the sale of their current property. These loans offer quick access to funds, flexibility, and can help prevent missed opportunities in the real estate market. Rio Vista, Texas, a quaint town in Johnson County, boasts a population of approximately 1,000 residents. The area's demographics show a mix of families and retirees, with a median household income surpassing the state average. The community prides itself on its friendly atmosphere and small-town charm. The housing market in Rio Vista is vibrant, with a variety of properties available to cater to different needs and budgets. The town offers a mix of single-family homes, ranch-style properties, and spacious lots for those seeking a more rural lifestyle. Bridge loans can help prospective buyers secure their dream homes in this competitive market. Main attractions in Rio Vista include the stunning Rio Vista Park, offering scenic views and recreational activities for residents and visitors alike. The town's proximity to major cities like Fort Worth provides easy access to urban amenities while still maintaining its peaceful, rural setting.
The Benefits of Bridge Loans in Rio Vista, Texas