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Navigating the process of buying a new home in Rowlett, 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 Rowlett, TX or getting it ready for the market.
Identify the new home you want to buy in Rowlett, 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 Rowlett, 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 Rowlett, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rowlett, 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 Rowlett, 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 Rowlett, 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 Rowlett, 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 Rowlett, 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: Bridge loans offer fast access to funds, aiding in time-sensitive real estate transactions. They bridge financial gaps, allowing buyers to make a down payment on a new property before the sale of their current one. Demographics: Rowlett, Texas, is a vibrant city with a growing population. The community is diverse, with a mix of families, young professionals, and retirees, contributing to a rich cultural tapestry. Housing Market: The housing market in Rowlett is competitive, with a variety of housing options available. Bridge loans can help buyers secure properties in this dynamic market and provide a competitive edge in negotiations. Main Attractions: Rowlett boasts beautiful parks, such as Paddle Point Park and Springfield Park, offering recreational opportunities for residents. Additionally, the city's proximity to Lake Ray Hubbard provides water activities and scenic views.
Benefits of Bridge Loans in Rowlett, Texas
