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Navigating the process of buying a new home in Midfield, 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 Midfield, TX or getting it ready for the market.
Identify the new home you want to buy in Midfield, 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 Midfield, 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 Midfield, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Midfield, 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 Midfield, 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 Midfield, 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 Midfield, 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 Midfield, 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 Midfield, Texas offer a unique solution for homeowners who are looking to purchase a new property before selling their current one. These loans provide the flexibility to make a down payment on a new home while waiting for the sale of the existing property, preventing the need to rush or compromise on buying a new home. Demographics: Midfield, Texas, is a small town with a population of approximately 300 residents. The community is known for its tight-knit feel and friendly atmosphere, making it an ideal place for families and retirees looking for a peaceful environment to call home. Housing Market: The housing market in Midfield, Texas, is characterized by a mix of traditional single-family homes and ranch-style properties. With an average home price of $200,000, the market offers affordable housing options for buyers looking to settle down in a serene rural setting. Main Attractions: Some of the main attractions in Midfield include the beautiful Seadrift Bay, perfect for fishing and boating enthusiasts, as well as the nearby Matagorda Bay Nature Park, offering hiking trails and birdwatching opportunities for nature lovers.
Benefits of Bridge Loans in Midfield, Texas
