Get Approved at The Lowest Rate
Navigating the process of buying a new home in Balch Springs, 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 Balch Springs, TX or getting it ready for the market.
Identify the new home you want to buy in Balch Springs, 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 Balch Springs, 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 Balch Springs, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Balch Springs, 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 Balch Springs, 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 Balch Springs, 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 Balch Springs, 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 Balch Springs, 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 Balch Springs, Texas provide a crucial financial lifeline for homeowners looking to purchase a new home before selling their current one. These short-term loans offer quick access to funds, enabling seamless transitions between properties without the need for immediate sale. This flexibility can prevent missed opportunities and bridge financial gaps during the moving process. Demographically, Balch Springs boasts a diverse population with a mix of families, young professionals, and retirees. The city's median household income is competitive, creating a stable economic environment for residents. With a growing community, Balch Springs offers a range of amenities, including parks, schools, and local businesses, making it an attractive location for potential homeowners seeking a close-knit neighborhood. In terms of the housing market, Balch Springs presents various opportunities for buyers and sellers alike. The city offers a range of housing options, from single-family homes to townhouses, catering to different preferences and budgets. The real estate market in Balch Springs is dynamic, with steady appreciation rates and a balanced inventory, providing a favorable environment for investing in properties. Some of the main attractions in Balch Springs include the Mesquite Golf Club, which offers a scenic retreat for golf enthusiasts, and the Town East Park, a popular spot for outdoor activities and community events. Additionally, the city's proximity to Dallas allows residents to access metropolitan amenities while enjoying the tranquility of suburban living in Balch Springs.
Benefits of Bridge Loans in Balch Springs, Texas
