Get Approved at The Lowest Rate
Navigating the process of buying a new home in Collinsville, 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 Collinsville, TX or getting it ready for the market.
Identify the new home you want to buy in Collinsville, 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 Collinsville, 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 Collinsville, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Collinsville, 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 Collinsville, 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 Collinsville, 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 Collinsville, 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 Collinsville, 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 Collinsville, Texas offer several advantages to homebuyers. These short-term loans help bridge the gap between the purchase of a new home and the sale of the current one, providing financial flexibility and enabling swift transactions. They can assist in securing the desired property without the need to wait for the sale of the existing home. Additionally, bridge loans offer competitive interest rates and can be a valuable tool for real estate investors. Demographics: Collinsville, Texas, boasts a diverse and vibrant community. The town has a population of approximately 1,600 residents, with a mix of families, professionals, and retirees. The median household income in Collinsville is above the national average, reflecting a stable and thriving economy in the region. Housing Market: The housing market in Collinsville is robust, with a range of property options available to buyers. The town offers a mix of historic homes and modern developments, providing something for everyone. The market is competitive but offers opportunities for investment and growth, making it an attractive location for both homebuyers and real estate investors. Main Attractions: Collinsville is known for its charming small-town atmosphere and rich history. The town is home to several historical sites and landmarks, including the Collinsville Historic District and the Old Collinsville High School. Outdoor enthusiasts can enjoy Lake Ray Roberts State Park, which offers camping, fishing, and hiking opportunities.
Benefits of Bridge Loans in Collinsville, Texas
