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Navigating the process of buying a new home in Dawson, 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 Dawson, TX or getting it ready for the market.
Identify the new home you want to buy in Dawson, 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 Dawson, 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 Dawson, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Dawson, 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 Dawson, 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 Dawson, 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 Dawson, 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 Dawson, 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 Dawson, Texas offer a flexible financing option for homebuyers, allowing them to bridge the gap between the purchase of a new home and the sale of their current property. This can help avoid the need for a contingency offer and provide faster access to funds needed for a down payment. Demographics: Dawson, Texas, is a small community with a population of approximately 800 residents. The town has a close-knit feel and offers a peaceful living environment, making it an attractive place for families and retirees looking for a slower pace of life. Housing Market: The housing market in Dawson, Texas, is characterized by a mix of historic homes and newer developments. The median home value is around $150,000, making it an affordable option for those looking to purchase a property. The market is stable, with steady growth in property values. Main Attractions: Dawson offers a range of outdoor recreational activities, including hiking and fishing opportunities at nearby lakes and parks. The town also has a rich history, with historic sites and museums showcasing its past. Additionally, residents can enjoy local eateries and shops that add to the town's charm.
Benefits of Bridge Loans in Dawson, Texas
