Get Approved at The Lowest Rate
Navigating the process of buying a new home in Friendswood, 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 Friendswood, TX or getting it ready for the market.
Identify the new home you want to buy in Friendswood, 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 Friendswood, 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 Friendswood, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Friendswood, 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 Friendswood, 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 Friendswood, 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 Friendswood, 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 Friendswood, 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 Friendswood, Texas offer a convenient financing option for homeowners looking to purchase a new property before selling their current one. These loans provide quick access to funds, allowing for a seamless transition between homes without the stress of juggling two mortgages. Demographically, Friendswood is a rapidly growing city with a diverse population. The median household income is above the national average, making it an attractive area for families and young professionals. The city's strong sense of community and low crime rates further enhance its appeal. In terms of the housing market, Friendswood offers a range of properties from cozy single-family homes to spacious estates. The market is competitive, with home prices steadily appreciating over the years. Bridge loans play a crucial role in this market by giving buyers a competitive edge in securing their dream home. Friendswood boasts an array of attractions, including the beautiful Stevenson Park, where residents can enjoy picnics, sports facilities, and walking trails. The city also has a vibrant downtown area with trendy shops and restaurants, perfect for a day out with family and friends.
Benefits of Bridge Loans in Friendswood, Texas
