Get Approved at The Lowest Rate
Navigating the process of buying a new home in Grapevine, 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 Grapevine, TX or getting it ready for the market.
Identify the new home you want to buy in Grapevine, 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 Grapevine, 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 Grapevine, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Grapevine, 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 Grapevine, 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 Grapevine, 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 Grapevine, 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 Grapevine, 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 Grapevine, Texas offer immediate financial relief to homeowners who are in the process of buying a new home while still owning their current property. This type of loan bridges the gap between the sale of the existing home and the purchase of a new one, providing flexibility and peace of mind in a competitive real estate market. Grapevine, Texas, is a vibrant city with a diverse population. The median age is 38, and the median household income is above the national average. The city's population is well-educated, with a high percentage of residents holding college degrees, making it an attractive location for families and professionals alike. The housing market in Grapevine, Texas, is robust, with a strong demand for housing driven by the city's growing economy and job market. The median home price in Grapevine is higher than the national average, reflecting the city's desirability and quality of life. The market offers a variety of housing options, from historic homes to modern developments. Grapevine, Texas, is known for its rich history, charming downtown area, and numerous recreational opportunities. Home to the Grapevine Vintage Railroad, GrapeFest, and Grapevine Lake, the city offers plenty of attractions for residents and visitors to enjoy, making it a desirable place to live and visit.
Benefits of Bridge Loans in Grapevine, Texas
