Get Approved at The Lowest Rate
Navigating the process of buying a new home in Midland, 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 Midland, TX or getting it ready for the market.
Identify the new home you want to buy in Midland, 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 Midland, 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 Midland, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Midland, 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 Midland, 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 Midland, 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 Midland, 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 Midland, 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 Benefits: Bridge loans offer quick financing solutions for individuals looking to buy before selling. They provide flexibility, allowing borrowers to avoid contingent offers and move quickly in a competitive market like Midland, Texas. These loans bridge the gap between the purchase of a new property and the sale of an existing one. Demographics: Midland, Texas, has a diverse population with a mix of young professionals attracted to the booming oil industry, families enjoying the strong school system, and retirees taking advantage of the warm climate. The city offers a vibrant community with various cultural events and activities. Housing Market: Midland's housing market is dynamic, with steady appreciation rates and a high demand for properties. Bridge loans can be beneficial in such a competitive market, allowing buyers to secure their dream homes without waiting for their current homes to sell. Working with a knowledgeable real estate agent is crucial to navigating this market successfully. Main Attractions: Midland boasts attractions like the Permian Basin Petroleum Museum, the George W. Bush Childhood Home, and the vibrant downtown area with shops, restaurants, and entertainment venues, making it a desirable place to live and visit.
Bridge Loans in Midland, Texas
