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Navigating the process of buying a new home in Junction, 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 Junction, TX or getting it ready for the market.
Identify the new home you want to buy in Junction, 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 Junction, 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 Junction, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Junction, 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 Junction, 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 Junction, 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 Junction, 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 Junction, 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!
Benefits of Bridge Loans: Bridge loans in Junction, Texas offer quick access to funds for purchasing a new home before selling the current one. They provide flexibility and can help avoid missing out on a dream home due to timing constraints. Demographics: Junction, Texas has a population of around 2,600 residents. The town boasts a diverse community with a mix of families, retirees, and young professionals. The cost of living is lower than the national average, making it an attractive place to live. Housing Market: Junction's housing market is competitive with a median home price of $150,000. The market offers a variety of housing options, from historic homes in the downtown area to modern developments in the outskirts. Bridge loans can help buyers navigate this competitive market. Main Attractions: Junction is known for its natural beauty, with attractions like South Llano River State Park offering outdoor activities such as hiking, fishing, and birdwatching. The town also hosts events like the Kimble County Balloon Fest, drawing visitors from all over Texas.
Bridge Loans in Junction, Texas
