Get Approved at The Lowest Rate
Navigating the process of buying a new home in Baytown, 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 Baytown, TX or getting it ready for the market.
Identify the new home you want to buy in Baytown, 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 Baytown, 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 Baytown, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Baytown, 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 Baytown, 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 Baytown, 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 Baytown, 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 Baytown, 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 Baytown, Texas provide a short-term financing option for individuals who need to bridge the gap between the purchase of a new home and the sale of their existing one. These loans offer flexibility and speed, allowing buyers to make a competitive offer without contingency clauses. Demographically, Baytown is a diverse city with a growing population. The city has a mix of young professionals, families, and retirees, creating a vibrant community. The median household income is around the national average, making it an attractive location for homebuyers. In terms of the housing market, Baytown offers a range of options from single-family homes to luxury waterfront properties. The market is competitive, with homes often selling quickly. Bridge loans can give buyers an advantage by providing the funds needed to secure their dream home. Baytown boasts several main attractions, including the Baytown Nature Center, where visitors can explore wetlands and birdwatch. The city is also home to the Pirates Bay Water Park, a popular destination for families. Additionally, residents can enjoy shopping and dining at the San Jacinto Mall.
Benefits of Bridge Loans in Baytown, Texas
