Bridge Loans: Your Key to Seamless Home Transitions in Terrell, TX

Navigating the process of buying a new home in Terrell, 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.

How Our Bridge Loans Work in Terrell, TX

1

Prepare and List Your Home for Sale

Start by listing your current home for sale in Terrell, TX or getting it ready for the market.

2

Find and Purchase Your New Home

Identify the new home you want to buy in Terrell, TX, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.

3

Benefit from No Down Payment

Our bridge loan program in Terrell, TX often does not require a down payment, freeing you from the need to come up with additional funds.

4

Sell Your Current Home

After your current home sells, we use the profits in Terrell, TX to pay down the bridge loan balance, including any accrued interest.

5

Refinance to a Permanent Mortgage

Finally, we help you refinance into a traditional permanent mortgage in Terrell, TX. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.

Key Benefits of Our Bridge Loan Program

1. No Down Payment Required

Many of our bridge loans in Terrell, TX do not require a down payment, making it easier for you to transition to your new home.

2. Simplified Qualification

You don’t need to qualify for both mortgage payments simultaneously.

3. Deferred Payments

Bridge loan payments in Terrell, TX may be deferred, meaning no payments are due while you are using the bridge loan.

4. No Prepayment Penalties

You can pay off the bridge loan early without any penalties.

Why Choose Horizon Lending Services?

Our bridge loan in Terrell, 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 Terrell, TX to permanent mortgage financing, making the process as smooth as possible for you.

Horizon Lending Services – Your Partner in Home Financing Solutions

Ready to make your move? Contact us today to get started!

Benefits of Bridge Loans in Terrell, Texas

Bridge loans in Terrell, Texas offer a convenient financing solution for homeowners who are looking to purchase a new home before selling their existing one. These loans provide the flexibility of accessing funds quickly to secure a new property without facing the pressure of immediately selling the current home. Homeowners can avoid the stress of timing their purchases and sales perfectly with the help of bridge loans.

Demographics

Terrell, Texas, is a vibrant city with a diverse population. The city boasts a mix of young professionals, families, and retirees, creating a dynamic community atmosphere. With a median household income above the national average, Terrell offers residents a comfortable standard of living and numerous employment opportunities.

Housing Market

The housing market in Terrell is thriving, with a range of housing options available to suit different preferences and budgets. From historic homes with charming character to modern developments with state-of-the-art amenities, Terrell offers diverse choices for potential buyers. The market is competitive, making bridge loans a valuable tool for those looking to secure their dream home.

Main Attractions

Terrell is known for its rich history and cultural attractions. The city is home to the famous Terrell Heritage Museum, showcasing the area's heritage through exhibits and artifacts. Outdoor enthusiasts can enjoy the picturesque Ben Gill Park, offering walking trails, playgrounds, and picnic areas. Additionally, Terrell's proximity to Dallas allows residents to easily access the city's renowned dining, shopping, and entertainment options.

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