Get Approved at The Lowest Rate
Navigating the process of buying a new home in Mentone, 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 Mentone, TX or getting it ready for the market.
Identify the new home you want to buy in Mentone, 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 Mentone, 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 Mentone, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mentone, 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 Mentone, 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 Mentone, 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 Mentone, 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 Mentone, 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 Mentone, Texas provide a valuable financial tool for individuals looking to buy a new home before selling their existing property. These short-term loans offer immediate funds to bridge the gap in financing, allowing for a smoother transition between homes. Demographically, Mentone is a small town in Loving County, Texas, with a population of around 20 residents. Known for its rural charm and close-knit community, Mentone offers a peaceful retreat for those seeking a slower pace of life. In terms of the housing market, Mentone provides unique opportunities for real estate investment. The town's small size and limited inventory create a competitive market, making bridge loans especially useful for securing prime properties quickly. Main attractions in Mentone include the nearby Phantom Lake, a salt flat desert basin that attracts visitors for its unique landscapes and stunning sunsets. Additionally, the town is in close proximity to the Guadalupe Mountains National Park, offering ample outdoor recreation opportunities.
Benefits of Bridge Loans in Mentone, Texas
