Get Approved at The Lowest Rate
Navigating the process of buying a new home in Jonesboro, 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 Jonesboro, TX or getting it ready for the market.
Identify the new home you want to buy in Jonesboro, 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 Jonesboro, 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 Jonesboro, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Jonesboro, 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 Jonesboro, 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 Jonesboro, 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 Jonesboro, 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 Jonesboro, 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 Jonesboro, Texas offer numerous benefits to homebuyers and investors. One of the primary advantages is the ability to quickly secure financing for a new property while waiting for the sale of an existing one. This can be crucial in competitive real estate markets where timing is essential. With a population of around 4,700 residents, Jonesboro, Texas, offers a close-knit community feel with access to modern amenities. The town is known for its strong sense of community and family-friendly environment, making it an attractive place to raise a family or retire. The housing market in Jonesboro is stable, with a mix of historic homes and new developments. The median home price is around $200,000, making it an affordable option for buyers. Bridge loans can help individuals take advantage of these housing opportunities without having to wait for their current home to sell. Some of the main attractions in Jonesboro include the historic downtown district, recreational parks, and family-owned businesses. Residents enjoy a relaxed pace of life with easy access to outdoor activities like hiking, fishing, and boating in the nearby lakes and rivers.
Benefits of Bridge Loans in Jonesboro, Texas
