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Navigating the process of buying a new home in San Juan, 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 San Juan, TX or getting it ready for the market.
Identify the new home you want to buy in San Juan, 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 San Juan, 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 San Juan, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Juan, 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 San Juan, 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 San Juan, 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 San Juan, 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 San Juan, 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 a unique financial solution for homebuyers in San Juan. These short-term loans can provide the flexibility needed to purchase a new home before selling an existing one. This helps avoid the dilemma of being stuck with two mortgages or missing out on a dream home. Demographics: San Juan, Texas, is a vibrant city with a diverse population. The majority of residents are Hispanic, contributing to a rich cultural heritage. The city has a growing young population, making it an attractive place for families and individuals looking for a close-knit community. Housing Market: The San Juan housing market is on the rise, offering a mix of affordable housing options and newer developments. Bridge loans can help buyers take advantage of the market conditions and secure their ideal home without waiting for their current property to sell. Main Attractions: San Juan boasts a variety of attractions, including the Basilica of Our Lady of San Juan del Valle, a renowned pilgrimage site. The city also offers a range of outdoor activities, shopping centers, and local dining experiences, making it an exciting place to live and explore.
Benefits of Bridge Loans in San Juan, Texas
