Get Approved at The Lowest Rate
Navigating the process of buying a new home in The Colony, 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 The Colony, TX or getting it ready for the market.
Identify the new home you want to buy in The Colony, 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 The Colony, 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 The Colony, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in The Colony, 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 The Colony, 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 The Colony, 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 The Colony, 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 The Colony, 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 The Colony, Texas offer numerous advantages to homebuyers. These short-term loans provide quick financing that allows buyers to secure a new home before selling their current one. This flexibility can be crucial in competitive markets, giving buyers a strategic edge. The Colony, Texas, is a vibrant city with a diverse population. According to recent demographic data, the median age is 33, with a growing number of young families choosing to settle in the area. The community is known for its friendly atmosphere and strong sense of community. The housing market in The Colony is dynamic and offers a variety of options for homebuyers. With a mix of established neighborhoods and newer developments, there is something for everyone. The market is currently experiencing steady growth, making it an attractive location for buyers looking to invest in real estate. Some of the main attractions in The Colony include the popular Hawaiian Falls Waterpark, the award-winning Lava Cantina concert venue, and the scenic Lake Lewisville. These attractions provide residents with recreational opportunities and contribute to the city's vibrant cultural scene.
Benefits of Bridge Loans in The Colony, Texas
