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Navigating the process of buying a new home in Channelview, 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 Channelview, TX or getting it ready for the market.
Identify the new home you want to buy in Channelview, 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 Channelview, 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 Channelview, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Channelview, 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 Channelview, 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 Channelview, 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 Channelview, 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 Channelview, 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 Channelview, Texas offer a valuable financing solution for individuals looking to purchase a new home before selling their current property. These loans provide immediate funds for a down payment, allowing flexibility in the home buying process. Demographically, Channelview is a diverse community with a mix of young professionals, families, and retirees. The area benefits from a growing economy and a range of job opportunities, making it an attractive location for homebuyers seeking both affordability and amenities. In terms of the housing market, Channelview offers a variety of housing options ranging from single-family homes to townhouses and apartments. The market is competitive, with properties often selling quickly. Bridge loans can help buyers act fast and secure their dream home in this dynamic market. Some main attractions in Channelview include the San Jacinto Battleground State Historic Site, where visitors can learn about Texas history, as well as the nearby Baytown Nature Center for outdoor enthusiasts. The area also boasts shopping, dining, and recreational opportunities for residents of all ages.
Benefits of Bridge Loans in Channelview, Texas
