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Navigating the process of buying a new home in Plano, 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 Plano, TX or getting it ready for the market.
Identify the new home you want to buy in Plano, 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 Plano, 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 Plano, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Plano, 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 Plano, 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 Plano, 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 Plano, 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 Plano, 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!
Benefits of Bridge Loans Bridge loans in Plano offer quick financing for homebuyers, allowing them to purchase a new home before selling their current one, reducing the stress and hassle of moving twice. Demographics Plano, Texas is a diverse city with a growing population of over 287,000 residents. It is known for its highly educated workforce, with a median household income well above the national average. Housing Market The housing market in Plano is competitive, with a mix of single-family homes, townhouses, and condos. Bridge loans provide buyers with a competitive advantage by enabling them to make strong offers without sale contingencies. Main Attractions Plano boasts attractions such as the Legacy West urban village, the Shops at Legacy, and the Plano Balloon Festival, offering residents a vibrant social scene and ample entertainment options.
Benefits of Bridge Loans in Plano, Texas
