Get Approved at The Lowest Rate
Navigating the process of buying a new home in Jermyn, 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 Jermyn, TX or getting it ready for the market.
Identify the new home you want to buy in Jermyn, 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 Jermyn, 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 Jermyn, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Jermyn, 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 Jermyn, 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 Jermyn, 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 Jermyn, 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 Jermyn, 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 Jermyn, Texas offer flexibility to homebuyers by providing short-term financing solutions. They allow buyers to bridge the gap between the purchase of a new home before selling their current property, avoiding the need for a contingency offer. Jermyn, a small town in Texas, has a population that primarily consists of families and retirees. With a close-knit community and a peaceful environment, it offers a quiet and relaxed lifestyle for residents. The housing market in Jermyn is competitive yet affordable. Properties range from cozy single-family homes to spacious ranch-style houses. The market is stable, making it an attractive location for both first-time buyers and seasoned investors. Main attractions in Jermyn include the picturesque Lake Bryson, perfect for fishing and boating enthusiasts. Additionally, the town boasts beautiful parks, local wineries, and charming boutiques, providing a variety of recreational activities for residents and visitors.
Benefits of Bridge Loans in Jermyn, Texas
