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Navigating the process of buying a new home in Denton, 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 Denton, TX or getting it ready for the market.
Identify the new home you want to buy in Denton, 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 Denton, 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 Denton, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Denton, 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 Denton, 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 Denton, 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 Denton, 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 Denton, 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 Denton, Texas offer numerous benefits for homebuyers and sellers. These short-term loans provide quick financing, allowing buyers to secure a new home before selling their current property. They offer flexibility in terms of repayment and can be instrumental in avoiding contingencies that could hinder a home purchase. Denton, Texas, situated in the Dallas-Fort Worth metroplex, boasts a diverse population of approximately 141,541 residents. The city is known for its vibrant arts and music scene, with attractions like the Denton Arts and Jazz Festival drawing visitors from across the state. The demographic makeup of Denton includes a mix of students, families, and young professionals. The housing market in Denton, Texas, is robust and competitive. The median home value in the city is $277,541, with prices steadily rising over the past few years. Bridge loans can provide a valuable financing option for buyers looking to navigate this dynamic market and secure their dream home. Aside from its housing market, Denton offers a range of attractions for residents and visitors. From the historic Downtown Square with its charming shops and restaurants to the beautiful Ray Roberts Lake State Park, there is no shortage of things to see and do in Denton. The city's rich history and vibrant culture make it a desirable place to live and work.
Bridge Loans in Denton, Texas
