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Navigating the process of buying a new home in Kingwood, 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 Kingwood, TX or getting it ready for the market.
Identify the new home you want to buy in Kingwood, 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 Kingwood, 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 Kingwood, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Kingwood, 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 Kingwood, 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 Kingwood, 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 Kingwood, 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 Kingwood, 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 Kingwood offer a versatile financing solution for homebuyers. These short-term loans can help bridge the gap between buying a new home and selling the current one. They provide flexibility and quick access to funds, allowing buyers to secure their dream home without delays. Kingwood, Texas, located in northeast Houston, boasts a population of diverse demographics. With a mix of young families, professionals, and retirees, the community offers a blend of urban amenities and a suburban lifestyle. The area is known for its top-rated schools, making it an attractive choice for families. The housing market in Kingwood is dynamic, with a range of options from single-family homes to spacious estates. With a strong demand for housing, properties in Kingwood offer a solid investment opportunity. The market caters to various budgets and preferences, ensuring there is something for everyone. Kingwood's main attractions include the scenic Lake Houston, offering opportunities for water activities and relaxation. The Kingwood Greenbelt, a sprawling natural reserve, provides hiking and biking trails for outdoor enthusiasts. Residents also enjoy a variety of shopping and dining options in the area.
The Advantages of Bridge Loans in Kingwood, Texas
