Get Approved at The Lowest Rate
Navigating the process of buying a new home in Midway, 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 Midway, TX or getting it ready for the market.
Identify the new home you want to buy in Midway, 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 Midway, 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 Midway, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Midway, 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 Midway, 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 Midway, 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 Midway, 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 Midway, 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 Midway, Texas offer numerous benefits to homebuyers. These short-term loans provide the necessary funds to bridge the gap between the purchase of a new home and the sale of an existing one. By allowing buyers to secure financing quickly, bridge loans enable them to make competitive offers in a fast-paced market, without being contingent on the sale of their current property. The population of Midway, Texas, is approximately 2,500 residents. The town boasts a diverse community, with a mix of young families, professionals, and retirees. The median household income is above the national average, reflecting a stable and affluent population that values homeownership and investment in real estate. The housing market in Midway, Texas, is characterized by steady growth and rising property values. With a strong economy and low unemployment rates, the demand for housing in Midway is on the rise. Bridge loans provide homebuyers with the flexibility and financial leverage to capitalize on the opportunities presented by a competitive real estate market. Midway, Texas, offers a range of attractions for residents and visitors alike. From historic landmarks to outdoor recreational activities, the town has something for everyone. Residents enjoy easy access to parks, restaurants, and shopping centers, making Midway an ideal place to live for those seeking a balance between small-town charm and modern conveniences.
Bridge Loans in Midway, Texas
