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Navigating the process of buying a new home in Little Elm, 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 Little Elm, TX or getting it ready for the market.
Identify the new home you want to buy in Little Elm, 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 Little Elm, 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 Little Elm, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Little Elm, 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 Little Elm, 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 Little Elm, 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 Little Elm, 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 Little Elm, 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 Little Elm, Texas offer borrowers the flexibility to purchase a new home before selling their existing property. This helps avoid the stress of timing the sale of one home with the purchase of another, providing a seamless transition. Demographically, Little Elm is a growing town located in Denton County, Texas, with a population that has been steadily increasing in recent years. The town boasts a diverse community with a mix of young families, professionals, and retirees, creating a vibrant and welcoming environment. The housing market in Little Elm is booming, with a range of housing options available to accommodate different needs. From cozy single-family homes to modern apartments, there is something for everyone. The market is competitive, making bridge loans a valuable tool for buyers looking to secure their dream home. Little Elm offers a variety of attractions for residents and visitors alike. The town is known for its beautiful parks, waterfront activities on Lake Lewisville, and a thriving restaurant scene. With easy access to major highways, residents can also enjoy the amenities of nearby cities while still savoring the charm of small-town living.
Bridge Loans in Little Elm, Texas
