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Navigating the process of buying a new home in Mullin, 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 Mullin, TX or getting it ready for the market.
Identify the new home you want to buy in Mullin, 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 Mullin, 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 Mullin, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mullin, 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 Mullin, 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 Mullin, 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 Mullin, 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 Mullin, 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 Mullin, Texas offer quick access to funds for those in need of immediate capital for real estate transactions. This type of loan can bridge the gap between the purchase of a new property and the sale of an existing one, providing financial flexibility and enabling smoother transitions. Demographically, Mullin, Texas, is a small town with a tight-knit community. The population primarily consists of families and retirees looking for a peaceful and affordable place to live. The town prides itself on its friendly atmosphere and strong community bonds. In terms of the housing market, Mullin offers a range of options from historic homes to modern properties. The market is relatively stable, making it a good place for investment or relocation. With the help of bridge loans, buyers can take advantage of opportunities in the market without facing liquidity challenges. Main attractions in Mullin include its picturesque countryside, outdoor recreational activities, and local events that bring the community together. From hiking trails to cultural festivals, there's always something to enjoy in this charming town.
Benefits of Bridge Loans in Mullin, Texas
