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Navigating the process of buying a new home in Mercedes, 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 Mercedes, TX or getting it ready for the market.
Identify the new home you want to buy in Mercedes, 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 Mercedes, 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 Mercedes, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mercedes, 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 Mercedes, 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 Mercedes, 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 Mercedes, 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 Mercedes, 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 offer quick financing solutions for individuals who are looking to purchase a new property before selling their current one. It helps in bridging the gap between the sale of the existing property and the purchase of a new one, providing financial flexibility and ensuring a smooth transition. Demographics: Mercedes, Texas, is a diverse city with a population that reflects a mix of cultures and backgrounds. The population consists of various ethnicities, contributing to a vibrant and inclusive community. Housing Market: The housing market in Mercedes, Texas, is competitive yet offers a range of housing options to cater to different preferences and budgets. The market shows steady growth, making it an attractive location for both homebuyers and investors. Main Attractions: Mercedes, Texas, boasts a variety of attractions, including the Rio Grande Valley Premium Outlets for shopping enthusiasts, the World Birding Center for nature lovers, and the historic Casa de Palmas Renaissance Hotel for those interested in local history and culture.
Bridge Loans in Mercedes, Texas
