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Navigating the process of buying a new home in Allison, 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 Allison, TX or getting it ready for the market.
Identify the new home you want to buy in Allison, 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 Allison, 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 Allison, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Allison, 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 Allison, 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 Allison, 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 Allison, 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 Allison, 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 Allison, Texas offer various benefits. They provide short-term financing options for individuals looking to purchase a new home before selling their existing one. This allows for a smoother transition without the stress of timing constraints. Additionally, bridge loans can help cover down payments and closing costs, offering financial flexibility to buyers. Demographically, Allison, Texas, is a small town with a tight-knit community. The population is predominantly middle-aged families and retirees, creating a peaceful and family-friendly environment. The town has a low crime rate and a strong sense of community spirit. In terms of the housing market, Allison, Texas, offers affordable housing options compared to nearby cities. The market is stable, with steady appreciation rates over the years. Bridge loans can be particularly beneficial in such a market by providing buyers with the necessary funds to secure a property quickly before prices rise. Main attractions in Allison include the picturesque parks and nature reserves that offer hiking and recreational activities. The town also hosts annual festivals and community events that bring residents together. Additionally, the nearby lakes and outdoor recreational opportunities make Allison an ideal place for nature lovers.
Bridge Loans Benefits in Allison, Texas
