Get Approved at The Lowest Rate
Navigating the process of buying a new home in Mineral, 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 Mineral, TX or getting it ready for the market.
Identify the new home you want to buy in Mineral, 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 Mineral, 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 Mineral, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mineral, 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 Mineral, 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 Mineral, 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 Mineral, 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 Mineral, 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 Mineral, Texas offer various benefits to homeowners and investors. These short-term loans provide quick access to funds, allowing individuals to bridge the gap between the purchase of a new property and the sale of an existing one. This flexibility can help avoid missed opportunities and expedite the buying process. Mineral, Texas, a small town with a population of approximately 2000 residents, boasts a close-knit community and a peaceful rural setting. The town's demographics are primarily composed of working professionals, families, and retirees looking for a serene lifestyle away from the hustle and bustle of major cities. The housing market in Mineral, Texas, offers diverse options ranging from cozy single-family homes to spacious ranch-style properties. With the median home price below the national average, the town presents an affordable housing market, making it an attractive location for first-time homebuyers and investors exploring opportunities in a growing real estate market.
Benefits of Bridge Loans in Mineral, Texas
