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Navigating the process of buying a new home in Hockley, 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 Hockley, TX or getting it ready for the market.
Identify the new home you want to buy in Hockley, 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 Hockley, 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 Hockley, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hockley, 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 Hockley, 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 Hockley, 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 Hockley, 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 Hockley, 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 Hockley, Texas offer numerous advantages for homebuyers. These short-term loans provide immediate funds for purchasing a new home before selling an existing one, helping buyers avoid delays and secure their dream home quickly. Demographically, Hockley is a diverse and growing community located in Harris County. With a mix of urban and rural areas, the population consists of families, professionals, and retirees, creating a vibrant and welcoming environment for residents of all ages. The housing market in Hockley is competitive yet favorable for buyers. With a range of property types from single-family homes to large estates, there are options to suit various needs and budgets. Bridge loans can give buyers a competitive edge in this market by providing flexibility and financial leverage. Main attractions in Hockley include the acclaimed Zube Park, offering recreational activities for all ages, and the nearby Waller County Historical Museum, showcasing the region's rich history. With easy access to Houston for work and entertainment, Hockley provides a balanced lifestyle for its residents.
Benefits of Bridge Loans in Hockley, Texas
