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Navigating the process of buying a new home in Mineral Wells, 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 Wells, TX or getting it ready for the market.
Identify the new home you want to buy in Mineral Wells, 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 Wells, 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 Wells, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mineral Wells, 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 Wells, 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 Wells, 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 Wells, 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 Wells, 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 Wells, Texas offer numerous advantages to homeowners. These short-term loans provide immediate funds to bridge the gap between selling a current home and purchasing a new one. This allows for a smoother transition without the stress of timing issues. Mineral Wells, Texas, is a vibrant community with a diverse demographic profile. The population consists of both young families and retirees, creating a unique blend of energy and experience. The town's welcoming atmosphere makes it an ideal place to settle down and call home. The housing market in Mineral Wells is thriving, offering a mix of affordable and luxury options. With steady appreciation rates, investing in real estate in this area is a smart choice. Bridge loans can help potential buyers secure their dream home before selling their current property. Some of the main attractions in Mineral Wells include the famous Mineral Wells State Park, where residents can enjoy hiking and camping. The town also boasts historical sites like the Crazy Water Hotel and the Baker Hotel, adding charm and character to the community.
Benefits of Bridge Loans in Mineral Wells, Texas
