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Navigating the process of buying a new home in Colleyville, 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 Colleyville, TX or getting it ready for the market.
Identify the new home you want to buy in Colleyville, 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 Colleyville, 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 Colleyville, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Colleyville, 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 Colleyville, 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 Colleyville, 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 Colleyville, 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 Colleyville, 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 Colleyville, Texas provide a flexible financing option for homeowners. They offer quick access to funds, allowing individuals to bridge the gap between the purchase of a new home and the sale of their current property. These loans can help avoid delays in the home buying process and enable buyers to secure their dream home without being contingent on the sale of their existing one. Demographics: Colleyville, Texas, is a vibrant city with a population of around 27,000 residents. The community is known for its high standard of living, excellent school district, and proximity to major cities like Dallas and Fort Worth. The town has a mix of young professionals, families, and retirees, creating a diverse and welcoming environment. Housing Market: The housing market in Colleyville is robust, with a variety of home styles ranging from modern estates to charming cottages. The area has experienced steady appreciation in home values over the years, making it an attractive investment opportunity for buyers. With low inventory and high demand, sellers can benefit from competitive offers and quick sales. Main Attractions: Colleyville offers a plethora of attractions and amenities for residents and visitors alike. From the beautiful parks and trails to the upscale shopping and dining options, there is something for everyone to enjoy. The city also hosts community events and festivals throughout the year, fostering a strong sense of community spirit and engagement.
Bridge Loans in Colleyville, Texas
