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Navigating the process of buying a new home in Mesquite, 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 Mesquite, TX or getting it ready for the market.
Identify the new home you want to buy in Mesquite, 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 Mesquite, 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 Mesquite, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mesquite, 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 Mesquite, 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 Mesquite, 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 Mesquite, 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 Mesquite, 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 Mesquite, Texas offer numerous benefits, including providing quick access to funds for a down payment on a new home before selling the current one. This can help avoid the stress of timing the sale and purchase perfectly, making the transition smoother for homeowners. Mesquite, Texas, with a population of over 140,000, is a diverse and vibrant community. The median age is 32, making it a relatively young city with a mix of families, young professionals, and retirees. The city boasts a suburban feel with access to urban amenities. The housing market in Mesquite is competitive, with a median home price of around $200,000. Bridge loans can give buyers a competitive edge by allowing them to make strong offers without contingencies. This is crucial in a market where properties can receive multiple offers. Mesquite offers a variety of attractions, including the Mesquite Championship Rodeo, which has been a staple since 1958. Residents and visitors can also enjoy the beautiful parks and trails, such as Paschall Park and the Mesquite Golf Club. The city's rich history and vibrant culture make it a desirable place to live and visit.
Bridge Loans in Mesquite, Texas
