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Navigating the process of buying a new home in Johnson City, 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 Johnson City, TX or getting it ready for the market.
Identify the new home you want to buy in Johnson City, 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 Johnson City, 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 Johnson City, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Johnson City, 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 Johnson City, 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 Johnson City, 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 Johnson City, 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 Johnson City, 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 Johnson City, Texas offer numerous benefits to homebuyers. Firstly, they provide a quick source of funding, allowing buyers to secure a new property before selling their current one. This can prevent missed opportunities and ensure a smoother transition between homes. Additionally, bridge loans often have flexible terms and lower credit score requirements compared to traditional mortgages, making them accessible to a wider range of buyers. Johnson City, Texas, located in the heart of the Texas Hill Country, boasts a population of around 1,656 residents. With a median age of 40.9, the city offers a mix of small-town charm and modern amenities. The area's demographics show a healthy balance of families, retirees, and young professionals, creating a diverse and vibrant community. The housing market in Johnson City is thriving, with a median home value of $288,000. The market is characterized by a mix of historic homes, new developments, and spacious ranch properties. Despite the competitive market, bridge loans can give buyers a competitive edge by providing the necessary funds to secure their dream home. Whether you're looking for a cozy cottage or a sprawling estate, Johnson City offers a range of housing options to suit every preference.
Benefits of Bridge Loans in Johnson City, Texas