Get Approved at The Lowest Rate
Navigating the process of buying a new home in Roma, 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 Roma, TX or getting it ready for the market.
Identify the new home you want to buy in Roma, 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 Roma, 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 Roma, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Roma, 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 Roma, 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 Roma, 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 Roma, 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 Roma, 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!
1. Quick access to funds: Bridge loans provide borrowers in Roma, Texas, with fast access to funds, allowing them to bridge the gap between buying a new home and selling their current one. This can be crucial in a competitive housing market. 2. Flexibility: These loans offer flexibility in repayment schedules and can be customized to suit individual financial situations. Borrowers can avoid missing out on their dream home while waiting for their existing property to sell. 3. Competitive rates: Despite the temporary nature of bridge loans, borrowers in Roma can benefit from competitive interest rates, making them a cost-effective solution for short-term financing needs. Demographics Roma, Texas, is a vibrant border town with a population of around 10,000 residents. The area boasts a rich cultural heritage, with a predominantly Hispanic population contributing to its unique charm and diverse community. Housing Market The housing market in Roma, Texas, is marked by a mix of historic homes and modern developments. Property prices are relatively affordable compared to urban centers, making it an attractive location for first-time buyers and investors alike. Main Attractions Roma offers a wealth of attractions, including the Roma Historic District, home to well-preserved 19th-century buildings. The World Birding Center is a popular spot for nature enthusiasts, while the Roma Bluffs World Birding Center offers stunning views of the Rio Grande.
Benefits of Bridge Loans in Roma, Texas
