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Navigating the process of buying a new home in Mereta, 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 Mereta, TX or getting it ready for the market.
Identify the new home you want to buy in Mereta, 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 Mereta, 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 Mereta, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mereta, 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 Mereta, 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 Mereta, 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 Mereta, 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 Mereta, 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 Mereta, Texas offer a convenient financing option for homeowners looking to purchase a new home before selling their current one. This type of loan provides temporary financing to bridge the gap between the sale of the existing home and the purchase of a new property. It allows homeowners to make a competitive offer on a new home without being contingent on the sale of their current property. Demographically, Mereta, Texas, is a small and tight-knit community with a population that values a peaceful rural lifestyle. The area is known for its friendly residents and strong sense of community. The majority of residents are homeowners, and the area attracts families and individuals looking for a tranquil place to call home. The housing market in Mereta, Texas, is stable with a mix of single-family homes and ranch-style properties. The market offers a variety of options for homebuyers, including properties with spacious yards and scenic views. The real estate market in Mereta is competitive, making bridge loans a valuable tool for buyers looking to secure their dream home. Main attractions in Mereta include picturesque parks, hiking trails, and local eateries that showcase the area's charm and natural beauty. Residents and visitors can enjoy outdoor activities like fishing, camping, and wildlife watching. The community also hosts annual events that bring people together and celebrate the local culture.
Benefits of Bridge Loans in Mereta, Texas
