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Navigating the process of buying a new home in Garland, 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 Garland, TX or getting it ready for the market.
Identify the new home you want to buy in Garland, 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 Garland, 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 Garland, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Garland, 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 Garland, 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 Garland, 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 Garland, 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 Garland, 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!
Benefits of Bridge Loans: Bridge loans provide quick access to funds for real estate transactions, allowing buyers to bridge the gap between buying a new home and selling their existing one. In Garland, Texas, these loans can help individuals secure desirable properties in a competitive market while maximizing their bargaining power. Demographics: Garland, Texas, is a diverse and vibrant city with a mix of cultures and traditions. The population is a blend of young families, professionals, and retirees, creating a rich tapestry of community life. The city offers a range of amenities and services to cater to its residents' varied needs. Housing Market: Garland's housing market is dynamic, with a mix of single-family homes, apartments, and townhouses. The city offers a range of housing options to suit different budgets and lifestyles. Bridge loans can be a valuable tool in navigating this competitive market, giving buyers the flexibility to secure their dream home. Main Attractions: Garland boasts a variety of attractions, including the Firewheel Town Center, a popular shopping and entertainment destination, and the Hawaiian Falls Waterpark, perfect for family outings. The city also has a thriving arts and cultural scene, with museums, galleries, and theaters showcasing local talent.
Bridge Loans in Garland, Texas
