Get Approved at The Lowest Rate
Navigating the process of buying a new home in Grand Prairie, 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 Grand Prairie, TX or getting it ready for the market.
Identify the new home you want to buy in Grand Prairie, 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 Grand Prairie, 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 Grand Prairie, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Grand Prairie, 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 Grand Prairie, 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 Grand Prairie, 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 Grand Prairie, 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 Grand Prairie, 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 flexibility and speed in real estate transactions, allowing buyers to secure funds quickly to bridge the gap between the purchase of a new property and the sale of an existing one. Demographics: Grand Prairie, located in the Dallas-Fort Worth area, has a diverse population with a mix of different ethnicities and age groups. The city boasts a vibrant community with a strong focus on culture and entertainment. Housing Market: Grand Prairie's housing market is thriving, with a range of affordable housing options available for both buyers and renters. The city offers a variety of neighborhoods to choose from, catering to different preferences and lifestyles. Main Attractions: Grand Prairie is home to various attractions, including Lone Star Park, a premier horse racing track, and Epic Waters Indoor Waterpark, a popular destination for families and thrill-seekers alike. The city also hosts numerous festivals and events throughout the year, adding to its lively atmosphere.
Benefits of Bridge Loans in Grand Prairie, Texas
