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Navigating the process of buying a new home in Milam, 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 Milam, TX or getting it ready for the market.
Identify the new home you want to buy in Milam, 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 Milam, 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 Milam, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Milam, 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 Milam, 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 Milam, 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 Milam, 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 Milam, 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!
Benefits of Bridge Loans: Bridge loans provide immediate funds for purchasing a new home before selling the current one. This helps avoid missing out on an ideal property and provides flexibility in the transition. Demographics: Milam, Texas, has a population of approximately 1,500 residents. The community is known for its warm and welcoming atmosphere, with a mix of families, retirees, and young professionals contributing to a diverse and vibrant local culture. Housing Market: The housing market in Milam offers a range of options, from quaint historic homes to modern developments. The average home price is around $200,000, making it an affordable location for first-time buyers and those looking to invest in real estate. Main Attractions: Milam boasts scenic views of the Sabine River, ideal for fishing and boating enthusiasts. The town also features charming local shops, delicious dining options, and outdoor recreational activities such as hiking and camping in nearby natural parks.
Bridge Loans in Milam, Texas
