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Navigating the process of buying a new home in Miami, 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 Miami, TX or getting it ready for the market.
Identify the new home you want to buy in Miami, 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 Miami, 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 Miami, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Miami, 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 Miami, 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 Miami, 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 Miami, 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 Miami, 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 Miami, Texas offer quick access to funds for those looking to secure a new property before selling their current one. This type of loan bridges the financial gap between the sale of the existing property and the purchase of a new one, providing flexibility and convenience to borrowers. Demographics: Miami, Texas, is a charming town with a population of approximately 600 residents. The community is known for its friendly atmosphere and strong sense of community, making it an ideal place for families and retirees looking for a peaceful setting. Housing Market: The housing market in Miami, Texas, offers a range of affordable options for homebuyers. With a mix of traditional single-family homes and modern developments, there is something for everyone in this diverse real estate market. Main Attractions: Miami, Texas, boasts a variety of attractions for residents and visitors alike. From scenic parks and outdoor recreational areas to local boutiques and restaurants, there is always something to explore in this vibrant town.
Benefits of Bridge Loans in Miami, Texas