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Navigating the process of buying a new home in Ennis, 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 Ennis, TX or getting it ready for the market.
Identify the new home you want to buy in Ennis, 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 Ennis, 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 Ennis, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ennis, 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 Ennis, 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 Ennis, 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 Ennis, 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 Ennis, 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 Ennis, Texas offer a convenient financing option for individuals looking to purchase a new home before selling their current one. This allows for a smoother transition without having to wait for the sale of your existing property. Demographics Ennis, Texas, is a diverse community with a population of approximately 20,000 residents. The city boasts a mix of young professionals, families, and retirees, creating a vibrant and welcoming atmosphere. Housing Market The housing market in Ennis, Texas, is robust, with a variety of residential options to suit different preferences and budgets. From cozy single-family homes to spacious estates, there is something for everyone in this growing real estate market. Main Attractions Ennis is known for its historic charm, with attractions such as the Ennis Railroad and Cultural Heritage Museum, the Bluebonnet Trail, and the annual National Polka Festival. Residents and visitors alike can enjoy a mix of culture, history, and entertainment in this lively Texan city.
Benefits of Bridge Loans in Ennis, Texas
