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Navigating the process of buying a new home in Prosper, 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 Prosper, TX or getting it ready for the market.
Identify the new home you want to buy in Prosper, 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 Prosper, 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 Prosper, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Prosper, 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 Prosper, 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 Prosper, 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 Prosper, 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 Prosper, 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 Prosper, Texas, offer a convenient financing option for homeowners looking to purchase a new property before selling their existing one. These loans provide quick access to capital, allowing individuals to bridge the gap between buying and selling, avoiding the stress of timing the transactions perfectly. Demographically, Prosper, Texas, is a rapidly growing suburban town located in Collin and Denton counties. Known for its excellent schools and family-friendly community, the town has witnessed a surge in population over the years, attracting residents seeking a high quality of life in a peaceful environment. In terms of the housing market, Prosper boasts a diverse range of properties, from spacious single-family homes to upscale estates. The real estate market in Prosper has remained robust, with steady appreciation in property values, making it an attractive location for both buyers and sellers alike. Main attractions in Prosper include the Windsong Ranch, a master-planned community offering resort-style amenities, and the Frontier Park, a popular outdoor recreational area featuring sports fields, playgrounds, and walking trails. Additionally, the town is conveniently located near shopping centers, restaurants, and entertainment venues, providing residents with a vibrant and fulfilling lifestyle.
The Benefits of Bridge Loans in Prosper, Texas