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Navigating the process of buying a new home in Cleburne, 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 Cleburne, TX or getting it ready for the market.
Identify the new home you want to buy in Cleburne, 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 Cleburne, 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 Cleburne, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cleburne, 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 Cleburne, 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 Cleburne, 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 Cleburne, 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 Cleburne, 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 quick access to funds for purchasing a new property before selling the existing one, avoiding the need for a contingency offer. These loans offer flexibility, allowing borrowers to repay the loan within a short period, usually 6 to 12 months. Bridge loans can help secure a property in a competitive market, giving buyers a competitive edge with a faster closing process. Demographics of Cleburne, Texas: Cleburne is a vibrant city in Johnson County, Texas, with a population of approximately 30,000 residents. The median age in Cleburne is around 34 years old, with a diverse community comprising families, young professionals, and retirees. The city boasts a strong sense of community spirit and offers a mix of suburban and rural lifestyles. Housing Market Information: The Cleburne housing market is experiencing steady growth, with a median home price of $200,000. Buyers can find a variety of housing options, from historic homes in downtown to modern developments in the outskirts. The market is considered affordable compared to nearby cities, making it an attractive option for first-time buyers and investors. Main Attractions in Cleburne: Cleburne State Park offers outdoor activities such as hiking, camping, and fishing, perfect for nature enthusiasts. The Chisholm Trail Outdoor Museum showcases the city's rich history and cowboy heritage. Dinosaur Valley State Park features dinosaur footprints and scenic trails, making it a popular destination for families and hikers.
Exploring Bridge Loans in Cleburne, Texas
