Get Approved at The Lowest Rate
Navigating the process of buying a new home in Hutchins, 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 Hutchins, TX or getting it ready for the market.
Identify the new home you want to buy in Hutchins, 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 Hutchins, 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 Hutchins, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hutchins, 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 Hutchins, 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 Hutchins, 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 Hutchins, 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 Hutchins, 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 offer a quick financing solution for those looking to purchase new property while still awaiting the sale of their current home. In Hutchins, Texas, these loans provide flexibility and help in overcoming financial gaps, making it easier to secure your dream home without delays. Demographics: Hutchins, Texas, is a diverse community with a mix of young professionals, families, and retirees. The population is around 5,400 residents, with a median household income of $41,000. The town's proximity to Dallas makes it an attractive location for those seeking affordable housing options. Housing Market: The housing market in Hutchins is currently experiencing steady growth, with a variety of housing options available. From single-family homes to townhouses and apartments, there is something for every budget and lifestyle. Bridge loans can help buyers act quickly in this competitive market. Main Attractions: Hutchins offers a charming small-town atmosphere while being close to urban amenities in Dallas. Residents enjoy local parks, community events, and easy access to shopping and dining. The nearby Trinity River Audubon Center provides outdoor recreation opportunities for nature enthusiasts.
Bridge Loans in Hutchins, Texas
