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Navigating the process of buying a new home in Mingus, 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 Mingus, TX or getting it ready for the market.
Identify the new home you want to buy in Mingus, 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 Mingus, 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 Mingus, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mingus, 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 Mingus, 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 Mingus, 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 Mingus, 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 Mingus, 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 offer quick financing solutions for homebuyers needing to bridge the gap between the purchase of a new property and the sale of their existing one in Mingus, Texas. These loans provide flexibility and allow individuals to secure their dream homes without delays. Demographics in Mingus, Texas, show a population of approximately 200 residents, offering a close-knit community feel. The town boasts a mix of young families and retirees, creating a diverse and welcoming environment. The housing market in Mingus, Texas, is currently experiencing growth, with an average home price of $200,000 based on recent listings. Bridge loans can help homebuyers take advantage of this market by providing temporary funds needed to make a competitive offer. Main attractions in Mingus include the historic Mingus City Hall, offering a glimpse into the town's past, and the Mingus Heritage Museum, showcasing local artifacts and stories. Residents also enjoy outdoor activities such as hiking in nearby parks and exploring the scenic countryside.
Benefits of Bridge Loans in Mingus, Texas
