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Navigating the process of buying a new home in Sugar Land, 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 Sugar Land, TX or getting it ready for the market.
Identify the new home you want to buy in Sugar Land, 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 Sugar Land, 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 Sugar Land, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sugar Land, 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 Sugar Land, 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 Sugar Land, 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 Sugar Land, 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 Sugar Land, 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 Sugar Land offer a valuable financial solution to bridge the gap between the purchase of a new home and the sale of a current one. These loans provide flexibility, enabling homeowners to make a competitive offer on a new property without the pressure of selling their existing home quickly. Demographically, Sugar Land is a diverse and thriving city located in the Houston metropolitan area. With a growing population of professionals and families, the demand for housing and real estate options is constantly on the rise. In terms of the housing market, Sugar Land boasts a stable and competitive real estate market. Property values have been steadily increasing, making it an excellent investment opportunity for homebuyers and investors alike. Some of the main attractions in Sugar Land include the beautiful Brazos River, the vibrant Sugar Land Town Square, and the Sugar Land Heritage Museum and Visitor Center. The city offers a mix of outdoor recreational activities, shopping, dining, and cultural experiences.
Benefits of Bridge Loans in Sugar Land, Texas
