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Navigating the process of buying a new home in Irving, 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 Irving, TX or getting it ready for the market.
Identify the new home you want to buy in Irving, 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 Irving, 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 Irving, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Irving, 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 Irving, 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 Irving, 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 Irving, 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 Irving, 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 Irving, Texas offer a valuable financial tool for residents looking to bridge the gap between buying a new home and selling their current one. These loans provide quick access to funds, allowing homeowners to make a competitive offer on a new property without having to wait for their existing home to sell. Demographically, Irving, Texas is a diverse and vibrant city with a growing population. The city is home to a mix of young professionals, families, and retirees, creating a rich tapestry of cultures and backgrounds. With strong employment opportunities and a range of housing options, Irving appeals to a wide range of residents. In terms of the housing market, Irving, Texas offers a mix of single-family homes, townhouses, and apartments to suit various needs and budgets. The market is competitive, with steady appreciation in home values making it a sound investment for potential buyers. Bridge loans can provide the flexibility needed to secure a property in this dynamic market. Main attractions in Irving include the picturesque Mandalay Canal Walk at Las Colinas, the vibrant Irving Arts Center, and the popular Toyota Music Factory, offering entertainment and dining options for residents and visitors alike.
Benefits of Bridge Loans in Irving, Texas
