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Navigating the process of buying a new home in Houston, 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 Houston, TX or getting it ready for the market.
Identify the new home you want to buy in Houston, 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 Houston, 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 Houston, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Houston, 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 Houston, 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 Houston, 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 Houston, 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 Houston, 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: Bridge loans offer a temporary financing option for individuals who need to buy a new home before selling their current one. They provide flexibility and speed in real estate transactions, helping buyers secure their dream homes without waiting for their existing property to sell. Demographics: Houston, Texas, is a diverse and vibrant city known for its strong economy, diverse population, and thriving job market. The city attracts young professionals, families, and retirees, offering a range of neighborhoods to suit different lifestyles and preferences. Housing Market: Houston's housing market is dynamic and varied, with a mix of single-family homes, townhouses, and high-rise condos available. The market is relatively affordable compared to other major cities, making it an attractive option for both first-time buyers and seasoned investors. Main Attractions: Houston boasts a range of attractions, including Space Center Houston, the Museum District, and the vibrant culinary scene. The city's parks, theaters, and sports teams offer entertainment options for residents of all ages.
Benefits of Bridge Loans in Houston, Texas
