Get Approved at The Lowest Rate
Navigating the process of buying a new home in Mckinney, 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 Mckinney, TX or getting it ready for the market.
Identify the new home you want to buy in Mckinney, 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 Mckinney, 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 Mckinney, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mckinney, 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 Mckinney, 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 Mckinney, 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 Mckinney, 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 Mckinney, 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 McKinney, Texas provide borrowers with quick access to funds for purchasing a new property before selling their existing one. This can be advantageous for those seeking to avoid contingent offers and secure their dream home. McKinney, Texas, is a vibrant city with a population of approximately 200,000 residents. The demographic makeup includes a mix of young families, professionals, and retirees, creating a diverse and welcoming community. The housing market in McKinney boasts steady growth and competitive prices. With a range of housing options from historic homes to modern developments, buyers can find properties that suit their preferences and budgets. McKinney offers a variety of attractions, including the Historic Downtown area with charming boutiques and restaurants, as well as parks and recreational facilities for outdoor enthusiasts. The city's cultural scene, events, and festivals cater to residents of all ages.
Benefits of Bridge Loans in McKinney, Texas
