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Navigating the process of buying a new home in Jacksonville, 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 Jacksonville, TX or getting it ready for the market.
Identify the new home you want to buy in Jacksonville, 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 Jacksonville, 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 Jacksonville, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Jacksonville, 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 Jacksonville, 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 Jacksonville, 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 Jacksonville, 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 Jacksonville, 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 Jacksonville, Texas offer a convenient solution for homeowners looking to purchase a new property before selling their existing one. These short-term loans provide the flexibility to close on a new home quickly while allowing borrowers to repay the loan once their old home is sold. Demographics in Jacksonville, Texas, reveal a vibrant community with a population of approximately 14,500 residents. The town boasts a diverse population with a median age of 32, making it an attractive location for families and young professionals looking to settle down in a welcoming environment. The housing market in Jacksonville, Texas, is currently experiencing steady growth, with a median home price of $150,000. The market offers a range of housing options, from historic properties downtown to modern suburban homes, catering to various preferences and budgets. Some of the main attractions in Jacksonville, Texas, include the Love's Lookout Park, offering scenic views of the surrounding area, and the Mud Creek Off-Road Park, popular among outdoor enthusiasts. The town also hosts annual events like the Tomato Fest, celebrating the local agricultural heritage.
The Benefits of Bridge Loans in Jacksonville, Texas
