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Navigating the process of buying a new home in Romayor, 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 Romayor, TX or getting it ready for the market.
Identify the new home you want to buy in Romayor, 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 Romayor, 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 Romayor, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Romayor, 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 Romayor, 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 Romayor, 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 Romayor, 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 Romayor, 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!
A bridge loan in Romayor, Texas, can be a valuable tool for individuals looking to purchase a new home before selling their current one. These loans provide short-term financing to cover the gap between the sale of the old property and the purchase of the new one, offering flexibility and convenience to homeowners. Demographically, Romayor is a small, close-knit community in Texas with a population of approximately 1,500 residents. The area boasts a mix of both young families and retirees, creating a diverse and vibrant neighborhood. Romayor is known for its tranquil surroundings and friendly atmosphere, making it an ideal place to call home. In terms of the housing market, Romayor offers a range of options for homebuyers, from cozy single-family homes to spacious ranch-style properties. The market is relatively stable, with moderate appreciation rates over the years, making it a promising location for investment. Bridge loans can help buyers take advantage of these opportunities without the stress of selling their current homes first.
Benefits of Bridge Loans in Romayor, Texas
