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Navigating the process of buying a new home in Mertens, 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 Mertens, TX or getting it ready for the market.
Identify the new home you want to buy in Mertens, 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 Mertens, 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 Mertens, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mertens, 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 Mertens, 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 Mertens, 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 Mertens, 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 Mertens, 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 Mertens, Texas offer numerous benefits for homebuyers and investors. These short-term loans provide quick financing to bridge the gap between purchasing a new property and selling an existing one. They help in covering down payments, closing costs, and temporary ownership of multiple properties simultaneously. Bridge loans are flexible and convenient, allowing borrowers to seize opportunities in the competitive real estate market. Demographics: Mertens, Texas, a small town in Hill County, has a population of approximately 125 residents. The town boasts a close-knit community with a mix of families and retirees. The area offers a peaceful rural lifestyle with easy access to larger cities like Dallas and Fort Worth. Housing Market: The housing market in Mertens is ideal for those seeking affordable and spacious properties. The town offers a range of single-family homes, ranch-style houses, and vacant land for development. With the help of bridge loans, buyers can act quickly and secure their dream home without the stress of contingencies. Main Attractions: While Mertens is a quiet town, it is located near Lake Whitney, a popular destination for fishing, boating, and outdoor recreation. Residents can also explore nearby state parks, wineries, and historic sites. Mertens provides a charming retreat from the hustle and bustle of city life while still offering access to modern amenities.
Benefits of Bridge Loans in Mertens, Texas
