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Navigating the process of buying a new home in Rochester, 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 Rochester, TX or getting it ready for the market.
Identify the new home you want to buy in Rochester, 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 Rochester, 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 Rochester, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rochester, 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 Rochester, 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 Rochester, 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 Rochester, 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 Rochester, 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 offer numerous advantages to individuals in Rochester, Texas. These short-term loans provide quick access to funds for buying a new home before selling the current one. This flexibility allows homeowners to avoid missing out on desirable properties, giving them a competitive edge in the real estate market. Demographically, Rochester, Texas, boasts a diverse population with a strong sense of community. The town is known for its friendly residents, affordable cost of living, and excellent educational opportunities. The demographic makeup includes young families, professionals, and retirees, creating a vibrant and inclusive environment. The housing market in Rochester, Texas, is dynamic and offers various options to potential buyers. The median home price is competitive, making it an attractive location for first-time homebuyers and investors alike. Bridge loans are particularly beneficial in this market as they facilitate quick transactions and can help buyers secure their dream homes. Some main attractions in Rochester, Texas, include the picturesque local parks, historic landmarks, and diverse culinary scene. Residents and visitors can enjoy outdoor activities such as hiking and picnicking, explore the town's rich history, and indulge in delicious Texan cuisine. These attractions contribute to the town's charm and desirability as a place to live.
Benefits of Bridge Loans in Rochester, Texas
