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Navigating the process of buying a new home in Euless, 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 Euless, TX or getting it ready for the market.
Identify the new home you want to buy in Euless, 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 Euless, 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 Euless, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Euless, 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 Euless, 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 Euless, 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 Euless, 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 Euless, 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 Euless, Texas offer numerous advantages for homebuyers and real estate investors. These short-term loans provide quick access to funds, allowing borrowers to purchase a new property before selling their existing one. This flexibility can be especially beneficial in a competitive market like Euless, where properties may receive multiple offers. Euless, Texas, is a vibrant city located in the heart of the Dallas-Fort Worth metroplex. With a population of over 55,000 residents, Euless offers a diverse community with a strong sense of pride and community spirit. The city's demographics are characterized by a mix of young families, professionals, and retirees, making it a desirable place to live for people of all ages. The housing market in Euless, Texas, is experiencing steady growth, with a mix of single-family homes, apartments, and townhouses to suit various preferences and budgets. Home prices have been on the rise, making it a lucrative market for both buyers and sellers. Bridge loans can help buyers secure their dream home quickly in a competitive market while waiting for their existing property to sell. Euless boasts a range of attractions for residents and visitors alike. From scenic parks and outdoor recreation areas to shopping centers and restaurants, there is something for everyone in this bustling city. Main attractions include the beautiful Trinity Park, the historic Heritage Park, and the popular Euless Family Life Center, offering a wide array of leisure and fitness activities.
Benefits of Bridge Loans in Euless, Texas
