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Navigating the process of buying a new home in Riverside, 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 Riverside, TX or getting it ready for the market.
Identify the new home you want to buy in Riverside, 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 Riverside, 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 Riverside, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Riverside, 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 Riverside, 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 Riverside, 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 Riverside, 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 Riverside, 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 Riverside, Texas offer a convenient financing solution for homeowners looking to purchase a new home before selling their existing one. These short-term loans provide quick access to funds, allowing individuals to bridge the gap between buying and selling without the stress of immediate financial strain. As for demographics, Riverside, Texas, is a thriving suburban community located near major urban centers, making it an ideal place for families and professionals alike. With a diverse population and a strong sense of community, Riverside offers a welcoming environment for residents of all backgrounds. In terms of the housing market, Riverside boasts a stable real estate market with steady appreciation rates. The availability of bridge loans has further enhanced the market dynamics by empowering buyers to make competitive offers quickly, leading to a more fluid real estate landscape. Some main attractions in Riverside include the scenic Riverside Park, popular for outdoor activities and community events, as well as the historic downtown area filled with charming shops and restaurants. The Riverside Zoo is another highlight, offering a fun and educational experience for visitors of all ages.
Benefits of Bridge Loans in Riverside, Texas