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Navigating the process of buying a new home in Georgetown, 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 Georgetown, TX or getting it ready for the market.
Identify the new home you want to buy in Georgetown, 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 Georgetown, 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 Georgetown, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Georgetown, 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 Georgetown, 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 Georgetown, 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 Georgetown, 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 Georgetown, 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 Georgetown, Texas offer numerous benefits to homebuyers. These short-term loans provide quick access to funds, allowing buyers to secure a new property before selling their current one. This helps avoid the stress of timing issues often associated with buying and selling homes simultaneously. With the competitive real estate market in Georgetown, bridge loans provide a strategic advantage in securing the desired property without delays. Georgetown, Texas, boasts a diverse population of around 70,000 residents, with a median age of 39 and a median household income of $70,191. The city's population has been steadily growing, attracting individuals and families looking for a vibrant community with excellent amenities, top-rated schools, and a strong sense of community. The housing market in Georgetown offers a mix of historic homes, modern developments, and picturesque neighborhoods. The median home value is around $330,000, with steady appreciation rates, making it a favorable investment for buyers. With the help of bridge loans, homebuyers can capitalize on the growing market and secure their dream home without the constraints of traditional financing. Georgetown is renowned for its charming downtown square, historic architecture, and scenic parks. The city is home to the beautiful Blue Hole Park, San Gabriel Park, and the award-winning 9-hole White Wing Golf Course. Additionally, residents and visitors can enjoy the vibrant arts scene, local shops, restaurants, and numerous annual events that showcase the city's rich heritage and culture.
Bridge Loans in Georgetown, Texas
