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Navigating the process of buying a new home in Rising Star, 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 Rising Star, TX or getting it ready for the market.
Identify the new home you want to buy in Rising Star, 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 Rising Star, 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 Rising Star, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rising Star, 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 Rising Star, 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 Rising Star, 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 Rising Star, 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 Rising Star, 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!
Benefits of Bridge Loans: Bridge loans offer short-term financing that provides immediate cash flow to bridge the gap between the purchase of a new property and the sale of an existing one. In Rising Star, Texas, these loans are particularly beneficial for homebuyers looking to secure a new property quickly without delays. Demographics: Rising Star, Texas, is a charming small town with a population of around 800 residents. The community is close-knit, and residents enjoy a peaceful and neighborly atmosphere. The town boasts a diverse demographic mix, with a blend of families, retirees, and young professionals. Housing Market: The housing market in Rising Star, Texas, is competitive yet offers great opportunities for buyers. With a mix of traditional single-family homes and modern developments, there is a property to suit every taste and budget. Bridge loans can help buyers secure their dream home in this thriving market. Main Attractions: Rising Star, Texas, is known for its serene natural beauty, with attractions like the Rising Star Lake and hiking trails offering outdoor recreational opportunities. The town also has a rich history, with historic sites and local events that celebrate its heritage.
Benefits of Bridge Loans in Rising Star, Texas
