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Navigating the process of buying a new home in Melissa, 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 Melissa, TX or getting it ready for the market.
Identify the new home you want to buy in Melissa, 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 Melissa, 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 Melissa, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Melissa, 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 Melissa, 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 Melissa, 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 Melissa, 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 Melissa, 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 offer immediate financial relief to bridge the gap between the purchase of a new home and the sale of an existing one. In Melissa, Texas, these loans provide homeowners with the flexibility and liquidity needed to secure their dream home without the stress of waiting for their current property to sell. Demographically, Melissa is a vibrant city in Collin County, known for its family-friendly community and top-rated schools. The population, predominantly comprising young families and professionals, enjoys a high quality of life with a low cost of living compared to nearby urban areas. The housing market in Melissa is robust, offering a mix of new developments and established neighborhoods. With a steady increase in property values and a strong demand for housing, investing in real estate in Melissa proves to be a wise decision for both homeowners and investors. Main attractions in Melissa include the Heard Natural Science Museum and Wildlife Sanctuary, popular for its interactive exhibits and beautiful outdoor trails. Additionally, the Melissa City Hall and Library offer residents a rich sense of community while providing resources for education and recreation.
The Benefits of Bridge Loans in Melissa, Texas
