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Navigating the process of buying a new home in De Kalb, 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 De Kalb, TX or getting it ready for the market.
Identify the new home you want to buy in De Kalb, 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 De Kalb, 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 De Kalb, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in De Kalb, 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 De Kalb, 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 De Kalb, 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 De Kalb, 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 De Kalb, 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 De Kalb, Texas offer various advantages to homebuyers. They provide a short-term financing solution, allowing buyers to quickly purchase a new home while waiting for their existing one to sell. This can prevent the need for a contingency offer and offer a competitive edge in the real estate market. Demographically, De Kalb has a population of approximately 1,600 residents. The town boasts a diverse community with a mix of families, professionals, and retirees. Its small-town charm and close-knit neighborhood make it an appealing place to live for people of all ages. In terms of the housing market, De Kalb offers a range of affordable housing options, from historic homes to modern developments. The market is stable, with a steady demand for properties. Bridge loans can help buyers take advantage of these opportunities without having to wait for their current home to sell. Main attractions in De Kalb include the Ezell Park, known for its scenic trails and family-friendly amenities. The town also hosts various community events, such as the Annual Rodeo and the Christmas Parade, fostering a strong sense of community spirit among residents.
Benefits of Bridge Loans in De Kalb, Texas
