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Navigating the process of buying a new home in New Caney, 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 New Caney, TX or getting it ready for the market.
Identify the new home you want to buy in New Caney, 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 New Caney, 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 New Caney, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in New Caney, 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 New Caney, 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 New Caney, 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 New Caney, 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 New Caney, 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 a flexible financing option for homeowners seeking to purchase a new property before selling their existing one. In New Caney, Texas, these loans provide the advantage of quick access to funds, allowing buyers to secure their dream home without waiting for their old house to sell. This can be especially beneficial in competitive real estate markets where properties move quickly. Demographically, New Caney is a diverse community with a population that has been steadily growing over the years. The area attracts both young families looking for affordable housing options and retirees seeking a peaceful and scenic environment. The mix of residents creates a vibrant and welcoming community with a range of amenities catering to different lifestyles. New Caney's housing market is characterized by a variety of options ranging from single-family homes to spacious estates. The area has seen a steady increase in property values, making it an attractive location for real estate investments. With the help of bridge loans, residents can take advantage of the market's growth potential by quickly moving into new properties while leveraging their existing assets. Some main attractions in New Caney include the scenic Lake Houston, which offers opportunities for boating and fishing, as well as the popular Grand Texas Theme Park, a family-friendly destination with rides and entertainment. The area also boasts a selection of shopping and dining options, making it a well-rounded place to live and visit.
Benefits of Bridge Loans in New Caney, Texas
