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Navigating the process of buying a new home in Industry, 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 Industry, TX or getting it ready for the market.
Identify the new home you want to buy in Industry, 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 Industry, 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 Industry, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Industry, 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 Industry, 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 Industry, 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 Industry, 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 Industry, 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 offer quick financing solutions for individuals or businesses in Industry, Texas. They provide a short-term option to secure funding for a new property purchase before selling an existing one, helping to bridge the gap in timing. Demographics in Industry, Texas, show a diverse community with a mix of professionals, families, and retirees. The area boasts a strong sense of community, with residents enjoying a peaceful suburban lifestyle. The housing market in Industry, Texas, is currently experiencing steady growth, making it an attractive investment opportunity. With a range of housing options from single-family homes to spacious properties, there is something for everyone in this thriving market. Main attractions in Industry, Texas, include beautiful parks, historic landmarks, and a vibrant local culture. Residents can enjoy outdoor activities, local events, and a rich history that adds to the charm of the area.
Benefits of Bridge Loans in Industry, Texas