Get Approved at The Lowest Rate
Navigating the process of buying a new home in Mexia, 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 Mexia, TX or getting it ready for the market.
Identify the new home you want to buy in Mexia, 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 Mexia, 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 Mexia, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mexia, 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 Mexia, 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 Mexia, 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 Mexia, 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 Mexia, 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 Mexia, Texas provide a valuable financial solution for individuals looking to purchase a new home before selling their existing one. These loans bridge the gap between the sale of the current property and the purchase of the new one, offering flexibility and speed in the buying process. Demographics of Mexia show a diverse community with a population of approximately 7,400 residents. The city boasts a rich cultural heritage and a strong sense of community spirit. The median household income is around $35,000, making it an affordable option for many homebuyers. The housing market in Mexia offers a mix of historic homes and modern developments. With a median home value of $88,000, the market is considered affordable compared to the national average. Bridge loans can help buyers take advantage of these opportunities without having to wait for their current home to sell. Main attractions in Mexia include the Old Fort Parker Historic Site, a popular spot for history buffs, and the Mexia State Supported Living Center, known for its beautiful gardens and recreational facilities. The city also offers outdoor activities at Lake Mexia and Fort Parker State Park, making it an ideal location for nature lovers.
Benefits of Bridge Loans in Mexia, Texas
