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Navigating the process of buying a new home in Mount Vernon, 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 Mount Vernon, TX or getting it ready for the market.
Identify the new home you want to buy in Mount Vernon, 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 Mount Vernon, 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 Mount Vernon, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mount Vernon, 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 Mount Vernon, 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 Mount Vernon, 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 Mount Vernon, 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 Mount Vernon, 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 immediate funds to bridge the financial gap when purchasing a new property before the current one sells. In Mount Vernon, this financing option can help secure your dream home without waiting for the sale of your existing property, making it a convenient solution for homebuyers. Mount Vernon, Texas, has a population of about 2,600 residents. The town boasts a friendly community atmosphere, ideal for families and those seeking a peaceful living environment. With a mix of young professionals and retirees, Mount Vernon offers a diverse and welcoming demographic. The housing market in Mount Vernon is thriving, with a range of property options from historic homes to modern builds. Bridge loans can facilitate quick transactions in this competitive market, giving buyers an edge in securing their desired property. The town's real estate market offers opportunities for both homeowners and investors. Main attractions in Mount Vernon include the Franklin County Historical Association Museum, which showcases the town's rich history, and the Old Fire Station Museum, a unique glimpse into the area's past. Outdoor enthusiasts can enjoy Lake Cypress Springs for recreational activities like fishing and boating.
Bridge Loans in Mount Vernon, Texas
