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Navigating the process of buying a new home in Richardson, 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 Richardson, TX or getting it ready for the market.
Identify the new home you want to buy in Richardson, 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 Richardson, 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 Richardson, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Richardson, 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 Richardson, 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 Richardson, 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 Richardson, 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 Richardson, 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 Richardson, Texas offer a convenient and flexible financing option for homeowners looking to buy a new property before selling their current one. These loans provide quick access to funds, allowing individuals to bridge the financial gap between the purchase of a new home and the sale of their existing property. Demographically, Richardson, Texas boasts a diverse and vibrant community with a mix of professionals, families, and students. The city has a strong economy, excellent schools, and a range of housing options, making it an attractive location for individuals of all backgrounds. The housing market in Richardson is competitive, with a steady demand for properties and a strong appreciation in home values. Bridge loans can help buyers secure their dream home in this competitive market by providing the necessary funds to make a competitive offer and close the deal quickly. Some of the main attractions in Richardson include the Eisemann Center for the Performing Arts, the CityLine development with its shops and restaurants, as well as numerous parks and recreational facilities that cater to outdoor enthusiasts. With its convenient location near Dallas, Richardson offers a blend of urban amenities and suburban charm.
The Benefits of Bridge Loans in Richardson, Texas
