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Navigating the process of buying a new home in Bellaire, 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 Bellaire, TX or getting it ready for the market.
Identify the new home you want to buy in Bellaire, 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 Bellaire, 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 Bellaire, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bellaire, 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 Bellaire, 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 Bellaire, 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 Bellaire, 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 Bellaire, 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 Bellaire provide immediate funds for down payment on a new home before selling the current one. This offers flexibility and ensures you don't miss out on your dream home. Bellaire is a vibrant city in Texas with a population of approximately 19,000 residents. The community is diverse, consisting of families, young professionals, and retirees. The city boasts excellent schools, parks, and recreational facilities. The housing market in Bellaire is competitive, with a mix of historic homes and modern developments. Property values have been appreciating steadily, making it a lucrative investment opportunity. Bridge loans can give buyers a competitive edge in this fast-paced market. Some main attractions in Bellaire include the Evelyn's Park Conservancy, a beautiful green space with events and activities for all ages. The Nature Discovery Center is another popular spot, offering educational programs and nature trails for outdoor enthusiasts.
Benefits of Bridge Loans in Bellaire, Texas
