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Navigating the process of buying a new home in Dodson, 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 Dodson, TX or getting it ready for the market.
Identify the new home you want to buy in Dodson, 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 Dodson, 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 Dodson, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Dodson, 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 Dodson, 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 Dodson, 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 Dodson, 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 Dodson, 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 numerous advantages to homeowners in Dodson, Texas. They provide quick access to funds for purchasing a new home before selling the current one, allowing for a seamless transition. This can be particularly beneficial in a competitive real estate market where a delay could result in missing out on a dream home. Dodson, Texas, boasts a diverse population with a rich cultural heritage. The town is home to a mix of families, young professionals, and retirees, creating a close-knit community atmosphere. The area's demographics show a vibrant blend of ethnicities, creating a welcoming environment for all residents. The housing market in Dodson, Texas, is thriving, with a range of properties available to suit different preferences and budgets. The market offers a mix of single-family homes, townhouses, and apartments, catering to various needs. The demand for housing is strong, making it an opportune time for both buyers and sellers in the market. Aside from its housing market, Dodson, Texas, offers a variety of main attractions for residents and visitors alike. From scenic parks and nature trails to historical landmarks and cultural events, the town provides numerous opportunities for recreation and leisure. These attractions contribute to the town's appeal and quality of life for its residents.
Benefits of Bridge Loans in Dodson, Texas