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Navigating the process of buying a new home in Lake Dallas, 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 Lake Dallas, TX or getting it ready for the market.
Identify the new home you want to buy in Lake Dallas, 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 Lake Dallas, 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 Lake Dallas, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lake Dallas, 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 Lake Dallas, 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 Lake Dallas, 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 Lake Dallas, 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 Lake Dallas, 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: A bridge loan can provide quick financing to bridge the gap between selling a current property and purchasing a new one in Lake Dallas, Texas. These loans offer short-term financial relief, flexibility, and can be crucial in competitive markets. Demographics: Lake Dallas, Texas, boasts a diverse population with a mix of young families and professionals. The town offers a welcoming community atmosphere, excellent schools, and various recreational activities for residents of all ages. Housing Market Information: The housing market in Lake Dallas is competitive yet stable, with a range of housing options. Bridge loans can help buyers seize opportunities in this market and secure their dream homes without waiting for the sale of their current property. Main Attractions: From the scenic Lake Lewisville to the vibrant downtown area, Lake Dallas offers a plethora of outdoor activities, dining options, and community events. Residents can enjoy boating, fishing, and hiking in the beautiful lakeside setting.
Bridge Loans in Lake Dallas, Texas
