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Navigating the process of buying a new home in Dale, 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 Dale, TX or getting it ready for the market.
Identify the new home you want to buy in Dale, 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 Dale, 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 Dale, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Dale, 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 Dale, 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 Dale, 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 Dale, 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 Dale, 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 Dale, Texas offer immediate financial assistance to bridge the gap between the purchase of a new home and the sale of a current property. This enables homeowners to secure their dream home without being held back by the sale timeline of their existing house. Demographically, Dale, Texas is a close-knit community with a population of around 500 residents. The area boasts a diverse population with a mix of families, young professionals, and retirees, creating a dynamic and welcoming environment. The housing market in Dale, Texas is characterized by a range of property types including single-family homes, ranch-style houses, and spacious plots of land. The market is currently stable, with moderate appreciation rates making it an attractive location for both investors and homeowners. Main attractions in Dale, Texas include the picturesque McKinney Roughs Nature Park offering hiking trails and outdoor activities, as well as the local farmer's market showcasing fresh produce and artisan goods. Additionally, the community's strong emphasis on local art and culture enriches the area's vibrant social scene.
Benefits of Bridge Loans in Dale, Texas
