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Navigating the process of buying a new home in Rule, 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 Rule, TX or getting it ready for the market.
Identify the new home you want to buy in Rule, 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 Rule, 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 Rule, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rule, 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 Rule, 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 Rule, 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 Rule, 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 Rule, 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 Rule, Texas provide homeowners with the flexibility to purchase a new home before selling their current one. This can be advantageous in a competitive real estate market as it allows for a smooth transition without the stress of aligning closing dates. Demographics in Rule, Texas show a close-knit community with a population of approximately 700 residents. The area boasts a diverse mix of age groups, with a median age of 45, creating a vibrant and welcoming environment for families and individuals alike. In terms of the housing market, Rule, Texas offers a range of affordable options for both buyers and sellers. The median home value in Rule is below the national average, making it an attractive destination for those looking to invest in real estate or find their dream home without breaking the bank. Rule, Texas is home to a variety of main attractions, including picturesque parks, historic sites, and local eateries. The peaceful surroundings and community events contribute to a high quality of life for residents, making Rule a hidden gem in the heart of Texas.
Benefits of Bridge Loans in Rule, Texas
