Get Approved at The Lowest Rate
Navigating the process of buying a new home in Melvin, 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 Melvin, TX or getting it ready for the market.
Identify the new home you want to buy in Melvin, 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 Melvin, 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 Melvin, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Melvin, 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 Melvin, 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 Melvin, 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 Melvin, 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 Melvin, 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 Melvin, Texas offer a valuable financing option for homeowners looking to purchase a new property before selling their current home. These loans provide quick access to funds, allowing for a seamless transition between properties without the stress of timing constraints. With competitive interest rates and flexible terms, bridge loans can be a practical solution for those in need of short-term financing. Demographics: Melvin, Texas, is a vibrant community with a population that reflects a mix of age groups, from young families to retirees. The town boasts a strong sense of community, with residents who take pride in the area's rich history and friendly atmosphere. The local economy is supported by a variety of industries, providing residents with diverse employment opportunities. Housing Market: The housing market in Melvin, Texas, offers a range of options for both buyers and sellers. With a growing demand for real estate in the area, property values have been steadily increasing, making it a lucrative market for investment. Bridge loans can provide homeowners with the financial flexibility needed to capitalize on the opportunities available in the local housing market. Main Attractions: In addition to its strong housing market, Melvin offers residents a range of attractions to enjoy. From beautiful parks and outdoor recreational areas to charming local shops and restaurants, there is always something to see and do in Melvin. The town's rich cultural heritage is celebrated through various events and festivals throughout the year, making it a lively and engaging place to call home.
Benefits of Bridge Loans in Melvin, Texas
