Get Approved at The Lowest Rate
Navigating the process of buying a new home in Frisco, 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 Frisco, TX or getting it ready for the market.
Identify the new home you want to buy in Frisco, 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 Frisco, 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 Frisco, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Frisco, 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 Frisco, 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 Frisco, 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 Frisco, 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 Frisco, 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 Frisco, Texas offer a flexible financing solution that bridges the gap between the purchase of a new property and the sale of an existing one. These loans provide fast access to funds, ensuring smooth transitions without the need for contingencies or delays. Demographically, Frisco is a thriving city in Texas, known for its young, educated population. The median age is 38, and the majority of residents hold bachelor's degrees or higher, contributing to a vibrant and dynamic community. The housing market in Frisco is competitive and diverse, with a mix of single-family homes, townhouses, and apartments. The market has seen steady appreciation in property values, making it an attractive investment opportunity for homeowners and real estate investors.
Bridge Loans in Frisco, Texas: A Comprehensive Overview
