Get Approved at The Lowest Rate
Navigating the process of buying a new home in Midlothian, 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 Midlothian, TX or getting it ready for the market.
Identify the new home you want to buy in Midlothian, 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 Midlothian, 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 Midlothian, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Midlothian, 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 Midlothian, 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 Midlothian, 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 Midlothian, 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 Midlothian, 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 Midlothian, Texas offer a flexible financing option for homeowners looking to purchase a new home before selling their current one. These loans provide quick access to funds, allowing buyers to secure their dream home without being contingent on selling their existing property. This can be a significant advantage in competitive real estate markets. Midlothian, Texas, located in Ellis County, has a population of around 33,532 residents. The area boasts a diverse community with a median age of 35 years and a median household income of $76,064. The city has a suburban feel and is known for its top-rated schools, making it an attractive location for families. The housing market in Midlothian is thriving, with a median home value of $283,261. The market is considered stable, with home values increasing steadily over the past few years. Bridge loans have become increasingly popular in this area due to the competitive nature of the real estate market and the need for quick and flexible financing options. Midlothian offers a range of attractions, including the beautiful Hawkins Spring Park, the Midlothian Heritage Museum, and the Texas Motorplex, a popular drag racing venue. With its small-town charm and proximity to major cities like Dallas and Fort Worth, Midlothian provides residents with the perfect blend of tranquility and urban conveniences.
Benefits of Bridge Loans in Midlothian, Texas
