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Navigating the process of buying a new home in Rockwall, 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 Rockwall, TX or getting it ready for the market.
Identify the new home you want to buy in Rockwall, 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 Rockwall, 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 Rockwall, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rockwall, 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 Rockwall, 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 Rockwall, 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 Rockwall, 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 Rockwall, 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 Rockwall, Texas offer a valuable financing option for homeowners. They provide flexibility and convenience by allowing individuals to bridge the gap between the purchase of a new home and the sale of their existing property. This can help avoid the stress of simultaneous transactions and potential financial strain. In terms of demographics, Rockwall, Texas, is a thriving city with a growing population, currently estimated at over 45,000 residents. The city boasts a diverse community, with a median household income higher than the national average. Its strategic location near Dallas makes it an attractive place for professionals and families alike. The housing market in Rockwall is robust, offering a mix of historic homes and modern developments. The city's real estate market is competitive, with a steady increase in property values. Bridge loans can be advantageous in such a market, enabling buyers to act quickly and secure their dream home without waiting for their current property to sell. Rockwall, Texas, is renowned for its scenic beauty and rich history. The city features attractions such as Lake Ray Hubbard, a popular destination for outdoor enthusiasts, and The Harbor Rockwall, a vibrant waterfront district with shops and restaurants. Additionally, the Rockwall County Historical Museum provides insights into the area's heritage.
Benefits of Bridge Loans in Rockwall, Texas
