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Navigating the process of buying a new home in Wylie, 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 Wylie, TX or getting it ready for the market.
Identify the new home you want to buy in Wylie, 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 Wylie, 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 Wylie, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wylie, 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 Wylie, 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 Wylie, 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 Wylie, 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 Wylie, 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 Wylie, Texas offer various benefits to individuals seeking short-term financing solutions. These loans provide immediate funds to bridge financial gaps during transitional periods, such as buying a new home before selling the current one. They enable borrowers to secure a new property quickly without the constraints of a traditional mortgage. Demographics: Wylie, Texas, is a vibrant city with a diverse population. The city attracts families and young professionals due to its excellent schools, safe neighborhoods, and growing job opportunities. The median household income in Wylie is above the national average, making it an attractive location for homeowners and businesses alike. Housing Market: The housing market in Wylie, Texas, is robust and offers a mix of single-family homes, townhouses, and apartments. The median home value in Wylie is competitive, providing opportunities for both buyers and sellers. Bridge loans play a crucial role in facilitating quick property transactions and securing desirable homes in this dynamic market. Main Attractions: Wylie boasts a range of attractions, including parks, lakes, and cultural events. Residents enjoy outdoor activities in parks like Founders Park and Lavon Lake, while the historic Downtown Wylie offers shopping and dining experiences. With its small-town charm and proximity to major cities, Wylie is a sought-after destination in Texas.
Benefits of Bridge Loans in Wylie, Texas
