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Navigating the process of buying a new home in Royse City, 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 Royse City, TX or getting it ready for the market.
Identify the new home you want to buy in Royse City, 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 Royse City, 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 Royse City, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Royse City, 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 Royse City, 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 Royse City, 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 Royse City, 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 Royse City, 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!
A bridge loan in Royse City can provide a convenient financial solution for individuals looking to purchase a new home before selling their existing one. This type of loan helps bridge the gap between the sale of the current property and the purchase of a new one, offering flexibility and convenience to homeowners. Demographics Royse City, Texas, has a growing population of approximately 13,000 residents. The town offers a mix of rural charm and urban convenience, attracting families and professionals looking for a peaceful yet vibrant community to call home. Housing Market The housing market in Royse City is flourishing, with a variety of housing options ranging from single-family homes to modern apartments. The median home value in Royse City is around $250,000, making it an attractive and affordable place for homeowners looking to invest in real estate. Main Attractions Some of the main attractions in Royse City include the vibrant downtown area, with its unique shops and restaurants, as well as the beautiful City Lake Park, perfect for outdoor activities and picnics. The town also hosts various community events and festivals, bringing residents together in a lively and welcoming atmosphere.
Benefits of Bridge Loans in Royse City, Texas
