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Navigating the process of buying a new home in Forney, 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 Forney, TX or getting it ready for the market.
Identify the new home you want to buy in Forney, 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 Forney, 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 Forney, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Forney, 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 Forney, 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 Forney, 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 Forney, 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 Forney, 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 Forney, Texas offer numerous benefits for homeowners. They provide short-term financing that can help bridge the gap between the purchase of a new home and the sale of the current one. This ensures a smooth transition without the need to wait for the sale proceeds. Demographically, Forney is a growing city with a population of approximately 23,000 residents. The median age is 33, making it a vibrant community with a mix of young families and professionals. The city's diverse population contributes to a vibrant cultural scene and a strong sense of community. The housing market in Forney is robust, with a median home value of around $250,000. Forney offers a range of housing options, from single-family homes to townhouses and apartments. The market is competitive, making bridge loans a valuable tool for buyers looking to secure their dream home quickly. Forney boasts several main attractions, including the Spellman Museum of Forney History, the Forney Arts Council, and the Forney Community Park. These attractions offer residents and visitors opportunities for recreation, education, and cultural enrichment, making Forney a desirable place to live and visit.
Benefits of Bridge Loans in Forney, Texas
