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Navigating the process of buying a new home in Celina, 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 Celina, TX or getting it ready for the market.
Identify the new home you want to buy in Celina, 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 Celina, 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 Celina, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Celina, 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 Celina, 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 Celina, 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 Celina, 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 Celina, 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!
Benefits of Bridge Loans: Bridge loans in Celina, Texas provide a short-term financing option for homeowners looking to purchase a new home before selling their existing one. This allows for a smoother transition without the pressure of selling quickly or making contingent offers. Demographics: Celina, Texas, a rapidly growing city, has a population of approximately 15,000 residents. The median age is 35 years old, and the median household income is $100,000. The city boasts a diverse community with a mix of families, young professionals, and retirees. Housing Market: The housing market in Celina is thriving, with a median home value of $400,000. The market is competitive, with homes selling quickly due to high demand. Bridge loans offer a strategic advantage to buyers in this market, allowing them to secure their new home while navigating the selling process. Main Attractions: Celina offers a blend of small-town charm and modern conveniences. Residents enjoy a variety of outdoor activities at the Celina Park and Old Celina Park. The historic downtown area is filled with boutique shops, cafes, and restaurants. Additionally, the city hosts community events like the Celina Cajun Fest and Friday Night Market, bringing residents together for fun and entertainment.
Bridge Loans in Celina, Texas
