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Navigating the process of buying a new home in Denison, 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 Denison, TX or getting it ready for the market.
Identify the new home you want to buy in Denison, 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 Denison, 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 Denison, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Denison, 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 Denison, 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 Denison, 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 Denison, 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 Denison, 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 Denison, Texas offer a convenient financial solution for homeowners who are looking to purchase another home before selling their current property. These loans provide short-term financing to bridge the gap between the sale of the existing home and the purchase of a new one, allowing for smoother transitions without the need to wait for the sale. Demographically, Denison, Texas, boasts a diverse population with a mix of young families, retirees, and professionals. The city's prime location near Lake Texoma attracts outdoor enthusiasts, while its proximity to major cities like Dallas and Oklahoma City makes it an ideal suburban retreat. In terms of the housing market, Denison offers a range of residential properties, from historic homes with unique architectural styles to modern developments with state-of-the-art amenities. The market is competitive yet stable, with a steady increase in property values over the years, making it a sound investment for homebuyers. Main attractions in Denison include the Eisenhower State Park, which offers camping, boating, and fishing opportunities, as well as the downtown historic district with its charming shops and restaurants. The city also hosts annual events like the Denison Arts and Wine Renaissance and the Denison Main Street Fall Festival, providing entertainment for residents and visitors alike.
Benefits of Bridge Loans in Denison, Texas
