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Navigating the process of buying a new home in Montgomery, 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 Montgomery, TX or getting it ready for the market.
Identify the new home you want to buy in Montgomery, 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 Montgomery, 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 Montgomery, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Montgomery, 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 Montgomery, 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 Montgomery, 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 Montgomery, 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 Montgomery, 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 Montgomery, Texas offer a flexible and convenient financing solution for individuals looking to buy a new home before selling their current one. These loans provide quick access to funds, allowing borrowers to bridge the gap between the purchase of a new property and the sale of their existing one. Demographically, Montgomery, Texas is a charming town with a population of around 9000 residents. The community is known for its friendly atmosphere, excellent schools, and diverse housing options. The median household income is above the national average, making it an attractive place for families and professionals alike. The housing market in Montgomery, Texas is robust, with a mix of historic homes, modern developments, and waterfront properties. Property values have been steadily increasing, making it a lucrative market for real estate investment. Bridge loans allow buyers to capitalize on these opportunities without waiting for their current home to sell. Montgomery, Texas boasts several main attractions, including the historic downtown district, Lake Conroe for outdoor recreation, and the Fernland Historical Park & Museum. The town offers a blend of small-town charm and modern amenities, making it a desirable location for residents of all ages.
Benefits of Bridge Loans in Montgomery, Texas
