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Navigating the process of buying a new home in Spring, 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 Spring, TX or getting it ready for the market.
Identify the new home you want to buy in Spring, 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 Spring, 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 Spring, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Spring, 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 Spring, 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 Spring, 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 Spring, 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 Spring, 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 vital financial solution for homeowners in Spring, Texas, allowing them to bridge the gap between the purchase of a new home and the sale of their existing property. These loans provide flexibility and convenience, enabling individuals to avoid missing out on their dream home while waiting for their old house to sell. Demographically, Spring, Texas, is a vibrant community with a diverse population. The area boasts a mix of families, young professionals, and retirees, creating a dynamic and inclusive environment. The median household income is above the national average, reflecting a strong economic base and stable job market. The housing market in Spring, Texas, is robust, offering a range of properties to suit different budgets and preferences. The area has witnessed steady appreciation in home values, making it an attractive option for both homeowners and investors. Bridge loans play a significant role in facilitating smooth transitions for buyers and sellers in this competitive market. Spring, Texas, is well-known for its beautiful parks, excellent schools, and a vibrant culinary scene. Residents and visitors alike can enjoy outdoor activities at the Spring Creek Greenway and explore cultural attractions such as the Pearl Fincher Museum of Fine Arts. With its family-friendly atmosphere and convenient access to major urban centers, Spring offers a high quality of life for its residents.
The Benefits of Bridge Loans in Spring, Texas
