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Navigating the process of buying a new home in Joshua, 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 Joshua, TX or getting it ready for the market.
Identify the new home you want to buy in Joshua, 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 Joshua, 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 Joshua, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Joshua, 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 Joshua, 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 Joshua, 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 Joshua, 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 Joshua, 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 offer quick financing solutions for homeowners looking to buy a new property before selling their current one. In Joshua, Texas, these loans provide flexibility and convenience, allowing individuals to bridge the gap between transactions without missing out on their dream home. Demographics: Joshua is a charming city located in Johnson County, Texas, with a population of around 7,000 residents. The community boasts a mix of young families and retirees, creating a diverse and welcoming environment for new homeowners. Housing Market: Joshua's housing market is thriving, with a range of affordable single-family homes and spacious properties available. The city's real estate market offers opportunities for both buyers and sellers, making it an attractive destination for those seeking a peaceful suburban lifestyle. Main Attractions: Joshua is home to scenic parks, historic sites, and local eateries that showcase the city's unique culture. Residents can enjoy outdoor activities at Cleburne State Park, explore the Chisholm Trail Museum, and savor delicious Texas barbecue at popular restaurants in the area.
Benefits of Bridge Loans in Joshua, Texas