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Navigating the process of buying a new home in Hempstead, 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 Hempstead, TX or getting it ready for the market.
Identify the new home you want to buy in Hempstead, 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 Hempstead, 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 Hempstead, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hempstead, 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 Hempstead, 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 Hempstead, 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 Hempstead, 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 Hempstead, 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 Hempstead, Texas offer immediate financial assistance to individuals or families in need of purchasing a new property before selling their existing one. This allows for a seamless transition without the stress of timing constraints in real estate transactions. The demographics of Hempstead, Texas, show a diverse community with a mix of ages and backgrounds. The town has a rich history dating back to its founding in the mid-19th century and has since evolved into a vibrant and welcoming place to live. The housing market in Hempstead, Texas, is characterized by a range of property types, including historic homes, new developments, and rural estates. With the help of bridge loans, potential homeowners can capitalize on the variety of housing options available in the area. Main Attractions in Hempstead, Texas:
Benefits of Bridge Loans in Hempstead, Texas
