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Navigating the process of buying a new home in Rosenberg, 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 Rosenberg, TX or getting it ready for the market.
Identify the new home you want to buy in Rosenberg, 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 Rosenberg, 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 Rosenberg, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rosenberg, 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 Rosenberg, 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 Rosenberg, 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 Rosenberg, 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 Rosenberg, 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 Rosenberg, Texas offer numerous advantages to homebuyers and property investors. Firstly, they provide short-term financial assistance, allowing individuals to quickly purchase a new property before selling their existing one. This can be especially beneficial in competitive real estate markets where speed is crucial. Secondly, bridge loans in Rosenberg often have flexible terms and lower credit score requirements compared to traditional loans. This can make them more accessible to a wider range of borrowers, including those who may not qualify for conventional financing. Lastly, bridge loans can help avoid the need for a contingency clause in purchase agreements, giving buyers a competitive edge in negotiations. This can be particularly advantageous in hot housing markets where multiple offers are common. Demographics: Rosenberg, Texas, has a diverse population with a mix of young professionals, families, and retirees. The city has a growing economy, with opportunities in industries such as healthcare, education, and manufacturing. Housing Market: The housing market in Rosenberg is on the rise, with steady appreciation rates and a range of property options to suit different budgets and preferences. Bridge loans can provide the necessary funds to capitalize on investment opportunities in this competitive market. Main Attractions: Rosenberg boasts charming historic districts, local boutiques, and eateries that showcase the city's unique culture. Residents and visitors can enjoy outdoor activities at Brazos Bend State Park or explore the Rosenberg Railroad Museum, highlighting the city's rich heritage.
The Benefits of Bridge Loans in Rosenberg, Texas
