Get Approved at The Lowest Rate
Navigating the process of buying a new home in Mansfield, 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 Mansfield, TX or getting it ready for the market.
Identify the new home you want to buy in Mansfield, 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 Mansfield, 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 Mansfield, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mansfield, 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 Mansfield, 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 Mansfield, 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 Mansfield, 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 Mansfield, 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 residents in Mansfield, Texas, the flexibility and convenience of accessing short-term financing to bridge the gap between the purchase of a new home and the sale of their current one. This type of loan provides quick funds and allows homeowners to effectively manage their transition without being burdened by the financial constraints of owning two properties simultaneously. Demographics in Mansfield, Texas, reveal a vibrant and growing community. With a population of around 73,500, Mansfield boasts a diverse mix of residents, including young professionals, families, and retirees. The city's median household income is above the national average, indicating a strong economic foundation that supports both businesses and residents. The housing market in Mansfield, Texas, is competitive yet diverse, offering a range of housing options from single-family homes to luxury estates. The market has experienced steady appreciation in property values, making it an attractive location for both buyers and sellers. Bridge loans play a crucial role in facilitating smooth transactions in this dynamic real estate landscape. Some of the main attractions in Mansfield, Texas, include the Hawaiian Falls Waterpark, the Historic Downtown Mansfield area with its charming shops and eateries, and the Elmer W. Oliver Nature Park for outdoor enthusiasts. Residents enjoy a high quality of life with access to top-rated schools, recreational facilities, and a strong sense of community.
Benefits of Bridge Loans in Mansfield, Texas
