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Navigating the process of buying a new home in Mineola, 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 Mineola, TX or getting it ready for the market.
Identify the new home you want to buy in Mineola, 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 Mineola, 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 Mineola, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mineola, 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 Mineola, 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 Mineola, 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 Mineola, 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 Mineola, 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!
Benefits of Bridge Loans: Bridge loans offer quick financing solutions with flexible terms, allowing residents of Mineola to bridge the gap between buying a new home and selling their current one. These loans provide financial support during the transition period, ensuring a smooth and stress-free process for homeowners. Demographics: Mineola, Texas, has a population of approximately 4,500 residents. The community is diverse, with a mix of families, professionals, and retirees. The town boasts a friendly and welcoming atmosphere, making it an ideal place for individuals looking to settle down or raise a family. Housing Market: Mineola's housing market is thriving, with a range of options available for buyers. From historic homes to modern developments, the town offers something for everyone. The real estate market is competitive, with steady appreciation in property values, making it a sound investment for prospective homeowners. Main Attractions: Mineola is known for its picturesque downtown area, featuring charming shops, restaurants, and local businesses. The town is also home to the Mineola Nature Preserve, offering residents and visitors opportunities for outdoor recreation, including hiking, fishing, and camping. Additionally, Mineola hosts various community events throughout the year, fostering a strong sense of community spirit.
Bridge Loans in Mineola, Texas
