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Navigating the process of buying a new home in Porter, 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 Porter, TX or getting it ready for the market.
Identify the new home you want to buy in Porter, 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 Porter, 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 Porter, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Porter, 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 Porter, 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 Porter, 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 Porter, 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 Porter, 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 Porter, Texas offer a flexible financing option for homebuyers. These temporary loans help bridge the gap between the purchase of a new home and the sale of the current one, allowing buyers to make competitive offers without being contingent on the sale of their existing property. Demographics: Porter, Texas, is a vibrant community with a diverse population. The median age of residents is 34, and the median household income is $61,000. The town has a mix of families, young professionals, and retirees, creating a welcoming and inclusive atmosphere. Housing Market: The housing market in Porter, Texas, is robust with a variety of housing options from single-family homes to townhouses and apartments. The median home value is $210,000, and the market has been experiencing steady growth, making it an attractive location for both buyers and sellers. Main Attractions: Porter is home to several attractions, including the Lake Houston Wilderness Park, where residents can enjoy outdoor activities like hiking and camping. The area also features shopping centers, restaurants, and community events that offer entertainment and cultural experiences for all ages.
Benefits of Bridge Loans in Porter, Texas
