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Navigating the process of buying a new home in Meridian, 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 Meridian, TX or getting it ready for the market.
Identify the new home you want to buy in Meridian, 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 Meridian, 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 Meridian, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Meridian, 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 Meridian, 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 Meridian, 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 Meridian, 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 Meridian, 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 Meridian, Texas offer a convenient financing option for homeowners looking to purchase a new home before selling their current one. These loans provide the flexibility to make a down payment on a new property while awaiting the sale of the existing one, avoiding the need for a contingency offer. Demographics in Meridian, Texas show a population of approximately 1,500 residents. The town boasts a strong sense of community, with a median household income above the national average. The area is popular for families seeking a close-knit neighborhood and a slower pace of life. The housing market in Meridian, Texas is characterized by a mix of historic homes and new developments. The median home price is competitive, making it an attractive location for first-time homebuyers and investors. The market has shown steady growth in recent years, indicating a stable and promising real estate environment. Main attractions in Meridian, Texas include the Bosque County Conservatory of Fine Arts, offering cultural events and exhibits. Outdoor enthusiasts can enjoy nearby Meridian State Park, known for its hiking trails and scenic views. The town also features quaint shops, local eateries, and a charming downtown area.
The Benefits of Bridge Loans in Meridian, Texas
