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Navigating the process of buying a new home in Pasadena, 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 Pasadena, TX or getting it ready for the market.
Identify the new home you want to buy in Pasadena, 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 Pasadena, 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 Pasadena, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pasadena, 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 Pasadena, 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 Pasadena, 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 Pasadena, 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 Pasadena, 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!
Benefits of Bridge Loans: Bridge loans provide short-term financing for individuals or businesses to bridge the gap between the purchase of a new property and the sale of an existing one. They offer quick access to funds, flexibility in repayment terms, and can be crucial in competitive real estate markets like Pasadena. Demographics: Pasadena, Texas has a diverse population with a mix of cultures and backgrounds. The city has a strong Hispanic influence and is known for its welcoming community. Residents of Pasadena enjoy a relatively low cost of living compared to other cities in the region. Housing Market: The housing market in Pasadena is thriving, with a range of property types available from single-family homes to apartments. The market is competitive, making bridge loans a popular choice for buyers looking to secure their dream home quickly. Prices are stable and offer good investment opportunities. Main Attractions: Pasadena is home to attractions such as the Pasadena Historical Museum, Armand Bayou Nature Center, and Strawberry Park. Residents and visitors can enjoy outdoor activities, cultural exhibits, and a vibrant local food scene.
Bridge Loans in Pasadena, Texas