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Navigating the process of buying a new home in North 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 North Houston, TX or getting it ready for the market.
Identify the new home you want to buy in North 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 North 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 North Houston, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in North 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 North 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 North 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 North 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 North 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!
Bridge loans in North Houston offer a valuable solution for homebuyers who need to bridge the financial gap between selling a current home and purchasing a new one. These short-term loans provide quick access to funds, allowing buyers to make a competitive offer without contingency clauses. Demographically, North Houston boasts a diverse population, including young professionals, families, and retirees. The area is known for its affordable housing options, excellent schools, and close-knit communities, making it an attractive place to live for people from all walks of life. The housing market in North Houston is dynamic, with steady appreciation rates and a range of property types to choose from. The market is currently favoring sellers, with low inventory levels and high demand driving up prices. Bridge loans can help buyers navigate this competitive market by providing the flexibility to make strong offers. Main attractions in North Houston include the beautiful Mercer Botanic Gardens, the cultural hub of Old Town Spring, and the shopping and dining options at The Woodlands Mall. With easy access to green spaces, entertainment venues, and major highways, North Houston offers a balanced lifestyle for residents of all ages.
Benefits of Bridge Loans in North Houston, Texas
