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Navigating the process of buying a new home in Dallas, 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 Dallas, TX or getting it ready for the market.
Identify the new home you want to buy in Dallas, 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 Dallas, 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 Dallas, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Dallas, 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 Dallas, 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 Dallas, 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 Dallas, 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 Dallas, 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 Dallas, Texas offer quick access to funds for homebuyers allowing them to make a competitive offer on a new property before selling their current one. This helps avoid the hassle of contingent offers and speed up the buying process. Demographics: Dallas is a diverse city with a population of over 1.3 million people. The city has a mix of cultures and a strong job market, attracting residents from various backgrounds. The median age of residents is around 32 years old, making it a vibrant and youthful city. Housing Market: The housing market in Dallas is booming with a median home value of around $230,000. The city offers a mix of housing options from modern apartments to spacious family homes. Bridge loans can be particularly useful in a competitive market, giving buyers an edge in securing their dream home. Main Attractions: Dallas is known for its rich history, vibrant arts scene, and numerous attractions. From the iconic Dealey Plaza and Sixth Floor Museum to the lively Deep Ellum district with its music venues and street art, there is something for everyone in this dynamic city.
Benefits of Bridge Loans in Dallas, Texas
