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Navigating the process of buying a new home in Deer Park, 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 Deer Park, TX or getting it ready for the market.
Identify the new home you want to buy in Deer Park, 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 Deer Park, 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 Deer Park, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Deer Park, 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 Deer Park, 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 Deer Park, 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 Deer Park, 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 Deer Park, 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 Deer Park, Texas offer a flexible financing option for homebuyers looking to purchase a new property before selling their existing one. These short-term loans bridge the gap between the sale of the current home and the purchase of a new one, providing the necessary funds to facilitate a smooth transition without the need for a contingency offer. Demographically, Deer Park, Texas is a vibrant suburban community located in the Greater Houston area. With a population of approximately 33,000 residents, the city boasts a diverse mix of families, young professionals, and retirees. The median household income in Deer Park exceeds the state average, making it an attractive location for homebuyers seeking a higher quality of life. The housing market in Deer Park, Texas is characterized by a steady demand for single-family homes, townhouses, and condos. With a median home value that is slightly above the national average, the city offers competitive pricing and a range of housing options to suit different preferences and budgets. When it comes to attractions, Deer Park is home to the beautiful Dow Park, a popular recreational area featuring playgrounds, picnic areas, and walking trails. Additionally, the city is known for its proximity to the San Jacinto Battleground State Historic Site, where visitors can explore the history of the Texas Revolution.
Benefits of Bridge Loans in Deer Park, Texas
