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Navigating the process of buying a new home in Southlake, 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 Southlake, TX or getting it ready for the market.
Identify the new home you want to buy in Southlake, 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 Southlake, 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 Southlake, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Southlake, 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 Southlake, 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 Southlake, 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 Southlake, 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 Southlake, 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 Southlake, Texas offer a valuable financial solution for homeowners looking to purchase a new home before selling their existing one. These loans provide temporary financing to bridge the gap between the sale of the current home and the purchase of a new property. Demographics Southlake, Texas, a prosperous suburb of the Dallas-Fort Worth metroplex, boasts a population of approximately 32,376 residents. Known for its top-rated public schools and high household income levels, Southlake offers a family-friendly environment with a strong sense of community. Housing Market The housing market in Southlake, Texas, is robust and competitive. With a median home value of $715,000, the real estate market caters to affluent buyers seeking upscale properties. Bridge loans can help buyers secure their dream home in this competitive market. Main Attractions Southlake is renowned for its upscale shopping destination, Southlake Town Square, featuring a mix of high-end retailers and restaurants. The Bob Jones Nature Center and Preserve offers outdoor enthusiasts a chance to explore trails, wildlife, and natural beauty.
Benefits of Bridge Loans
