Best Financing Options for Selling and Buying in DeSoto, TX

by Steve

If you're trying to sell your current home and buy your next one in DeSoto, timing and financing can make or break your move. Between juggling down payments, managing equity, and lining up closing dates, the process gets complicated fast.

But there are smart financing strategies that give you more control—and less stress—when selling and buying in today’s market. This guide breaks down your best options for 2025, from bridge loans to builder incentives to down payment programs.

Neighborhood Spotlights: Where Buyers and Sellers Are Active in DeSoto

The real estate activity in DeSoto isn’t spread evenly. If you’re buying or selling in the following neighborhoods, timing and financing tools matter more than ever.

Elerson Ranch

Homes are moving fast here. Families love the schools, and resale inventory is tight. Sellers are seeing quick offers—making bridge loans a practical tool for transitioning.

Ten Mile Creek Estates

With prices stabilizing around $330K–$360K, this area is ideal for homeowners upgrading into new builds. Builders nearby are offering strong financing incentives.

Homestead at Daniel Farm

A new construction favorite. Buyers can use rate buydowns and closing cost credits, especially when selling their existing home first.

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Local Market Trends: What’s Happening in 2025?

According to Redfin, the DeSoto real estate market remains active, especially for move-in-ready homes priced under $400K.

Market Snapshot:

• Median home price (Q2 2025): $339,000

• Days on market: 26

• YoY appreciation: +3.2%

• Top financing trends: Contingency offers, bridge loans, and builder credits

“We’re seeing more clients use equity from their current home to fund their next one,” says mortgage advisor Carla Lopez. “Financing tools like HELOCs and bridge loans are becoming essential.”

Cost Breakdown: What Impacts Your Budget When Buying and Selling?

Let’s talk numbers. If you're selling and buying at the same time, you’re dealing with costs on both sides of the transaction:

Selling Costs:

• Realtor commission (5–6%)

• Title fees, closing fees (~1–2%)

• Repairs, staging, and cleaning (~$2,000–$5,000)

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Buying Costs:

• Down payment (3%–20%+)

• Closing costs (2–4%)

• Home inspection, appraisal, insurance, moving

Need a down payment plan? Start with a Pre-Approval

Builder & Community Incentives in DeSoto (2025)

If you're buying a new construction home while selling, local builders offer key advantages.

Popular Builders Offering Financing Help:

• HistoryMaker Homes – Rate locks + up to $15,000 in closing cost credits

• Bloomfield Homes – Design upgrades + flexible leaseback options

• Cambridge Homes – $10K down payment assistance for qualified buyers

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Best Financing Tools for Selling and Buying at the Same Time

Here are the most effective financial strategies for DeSoto homeowners navigating both sides of the transaction.

1. Bridge Loan

A short-term loan that lets you use the equity in your current home to buy your next one—before you sell.

• Access funds fast

• Avoid contingent offers

• Repay once your old home sells

More info: NerdWallet Guide to Bridge Loans

2. HELOC (Home Equity Line of Credit)

Tap your home’s equity while still living in it. A HELOC works well if you need flexible access to cash.

• Pay interest only on what you use

• Great for covering down payments or repairs

• May require strong credit

Compare HELOC vs Bridge Loan: Bankrate Comparison

3. Leaseback Agreement

Some buyers allow you to stay in your home after selling it, while you close on your next purchase.

• Great if your new home isn’t move-in ready

• Offers extra time between closings

4. Builder Rate Buydowns

Many builders in DeSoto offer below-market rates or fixed buy-down options.

• Lock rates as low as 4.75%

• Can save $200–$400/month on payments

5. Down Payment Assistance

Texas programs like TSAHC help buyers with low or moderate income bridge funding gaps.

• Grants or forgivable loans

• Combine with FHA or conventional financing

Conclusion: Move Smarter with the Right Financing

The right financial strategy gives you options—and control. Whether you use a bridge loan to buy before you sell, or lock in a great rate from a builder, you’ve got more tools in 2025 than ever before.

Download the Lone Star Living App now to explore listings, track builder incentives, and connect with the right loan experts today.

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FAQs: Financing While Selling & Buying in DeSoto

1. Can I buy a house before I sell my current one?
Yes. A bridge loan or HELOC can give you the funds to do that—just make sure your current home is market-ready.

2. What’s the difference between a bridge loan and a HELOC?
A bridge loan is short-term and often paid back quickly. A HELOC is flexible and long-term. Learn more here.

3. Should I make my offer contingent on selling my house?
Only if necessary. In a competitive market, it weakens your offer. Bridge financing helps avoid contingencies.

4. What if I sell first and haven’t bought yet?
Use a leaseback or short-term rental. Builders may offer temporary housing incentives, too.

5. Can I get pre-approved while my home is still listed?
Yes—and you should. Get Pre-Approved to see how much home you can afford based on your equity.