How Texas Bridge Loans Can Help Surprise Your Significant Other and Make for an Easy Move

Read Jim and Jenna’s story below to find out how to “bridge the gap” between homes so that you can move into your dream house without having to find an alternative, transitionary moving space in between it all.

Jim was in love with his long-time girlfriend Jenna and wanted to surprise her with their dream home. They’d already committed to living together long-term, but their current home was causing them all kinds of problems: dripping sink, outdated tile, unreliable air conditioner. And, the fire alarm had yet to alert them of one too many pitas that had been forgotten in the oven.

It was time to move.

Jim wanted to surprise Jenna with a new home, while also easing the moving process. As he was looking over his options, he found himself looking away from contracts and contingencies that he had to sell his current home first. He soon came across Texas bridge loans and found that they didn’t have contingencies and allowed prospective homebuyers to find their dream home, and then work to sell their current.

This would help Jim surprise Jenna. If he didn’t have to work around any stipulations that he had to sell his current home first, he could invest all of his energy in finding the perfect home—and the perfect engagement.

How to “Bridge the Gap”

“Bridging the gap” would require Jim to use the down payment on his current home to be used as a loan for his next home. Doing this would mean paying two mortgages and paying interest that was two percent higher than the general market. It wasn’t cheap, but Jim wanted to take a risk. Taking the risk give Jim the freedom he desperately wanted for both his home search and proposal planning. There was a little bit of pressure for Jim to fix the problems with his current home immediately, so that it would increase its ability to sell on the market. While it could mean extra costs, Jim had a few personal connections that wouldn’t cause a huge dent in the budget. He couldn’t wait.

Success and Eligibility

Texas bridge loans require that the borrower have a solid financial history. Fortunately for Jim, he had a great credit score and great debt to income ratio. He was thankful he was able to be approved so easily, because he knew it certainly wasn’t the case for everyone. And while he could afford two down payments, it wasn’t a decision he made easily. He figured that surprising Jenna as they moved forward into the next steps of their lives would be worth it. With the help of his personal connections, he was able to fix the problems in the current house—right under Jenna’s nose. She had no idea he was home searching until he found the perfect two-story with a rose garden and white picket fence. He proposed under a trellis in the backyard, and proposed they move in immediately. Jenna said yes.


Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters and 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

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