Get Approved at The Lowest Rate
Navigating the process of buying a new home in Desoto, 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 Desoto, TX or getting it ready for the market.
Identify the new home you want to buy in Desoto, 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 Desoto, 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 Desoto, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Desoto, 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 Desoto, 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 Desoto, 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 Desoto, 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 Desoto, 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 offer a practical solution for homeowners in Desoto, Texas, allowing them to bridge the gap between the purchase of a new home and the sale of their existing one. This type of loan provides the flexibility needed to secure a new property without the pressure of immediately selling the old one. Demographics in Desoto, Texas, show a population of approximately 53,056 residents, with a diverse mix of ethnicities and age groups. The community is known for its strong sense of unity and pride in local culture, making it an attractive place to live for families and individuals alike. The housing market in Desoto, Texas, is experiencing steady growth, with competitive prices and a range of property options to suit different needs. Bridge loans play a crucial role in facilitating quick and efficient transactions, allowing buyers to take advantage of favorable market conditions without delay.
Benefits of Bridge Loans in Desoto, Texas
