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Navigating the process of buying a new home in Cypress, 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 Cypress, TX or getting it ready for the market.
Identify the new home you want to buy in Cypress, 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 Cypress, 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 Cypress, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cypress, 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 Cypress, 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 Cypress, 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 Cypress, 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 Cypress, 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!
Benefits of Bridge Loans: Bridge loans provide a valuable financial tool for homebuyers in Cypress, Texas, allowing them to seamlessly transition from one property to another without the need to sell their current home first. This helps avoid the stress of timing issues and ensures a smoother home buying process. Demographics: Cypress, Texas, is a thriving community with a diverse population. The median household income is above the national average, indicating a strong economic base. The area attracts families and professionals alike, drawn to its excellent schools, safe neighborhoods, and easy access to Houston. Housing Market: The housing market in Cypress, Texas, is competitive yet offers a range of options for homebuyers. With a mix of single-family homes, townhouses, and condos, there is something for everyone. Bridge loans can help buyers act quickly in this fast-paced market. Main Attractions: Aside from its proximity to Houston, Cypress boasts attractions like the Cypress Creek Greenway Project, a network of parks and trails perfect for outdoor enthusiasts. The area also features shopping centers, dining options, and cultural venues for residents to enjoy.
Bridge Loans in Cypress, Texas
