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Navigating the process of buying a new home in Allen, 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 Allen, TX or getting it ready for the market.
Identify the new home you want to buy in Allen, 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 Allen, 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 Allen, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Allen, 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 Allen, 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 Allen, 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 Allen, 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 Allen, 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 a convenient financial solution for individuals looking to purchase a new home before selling their current one. In Allen, Texas, these loans provide flexibility and speed in real estate transactions. They allow homeowners to make competitive offers, avoid temporary housing costs, and bridge the gap between buying and selling. Allen, Texas, boasts a diverse population with a strong sense of community. The city's demographics show a vibrant mix of young professionals, families, and retirees. With top-rated schools and a low crime rate, Allen is an attractive place for families seeking a safe and welcoming environment. The housing market in Allen, Texas, is dynamic and shows steady growth. With a range of housing options from modern apartments to spacious single-family homes, the city caters to various preferences and budgets. The market's stability and appreciation potential make Allen an excellent location for real estate investments. Aside from its housing market, Allen offers numerous attractions for residents and visitors. The city is home to the popular Allen Premium Outlets, providing a shopping paradise for fashion enthusiasts. Additionally, the Allen Event Center hosts exciting concerts, sports events, and exhibitions throughout the year, offering entertainment for all ages.
The Benefits of Bridge Loans in Allen, Texas
