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Navigating the process of buying a new home in Addison, 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 Addison, TX or getting it ready for the market.
Identify the new home you want to buy in Addison, 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 Addison, 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 Addison, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Addison, 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 Addison, 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 Addison, 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 Addison, 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 Addison, 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 Addison, Texas offer a convenient financing option for homeowners looking to purchase a new home before selling their existing one. These loans provide temporary funding to bridge the gap between the sale of the old property and the purchase of a new one, allowing for a smooth transition without the need to wait for the sale to finalize. Demographically, Addison is a vibrant and diverse community located in the heart of the Dallas-Fort Worth metroplex. With a population of approximately 15,000 residents, Addison is known for its young professional population, excellent school system, and thriving business community. In terms of the housing market, Addison offers a range of housing options, from modern condos and townhomes to spacious single-family homes. The market is competitive, with a growing demand for housing due to the city's amenities and proximity to major employers in Dallas. Main attractions in Addison include the renowned Addison Circle Park, which hosts various events and festivals throughout the year, as well as the Addison Improv Comedy Club and WaterTower Theatre, providing entertainment options for residents and visitors alike.
Benefits of Bridge Loans in Addison, Texas
