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Navigating the process of buying a new home in Milano, 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 Milano, TX or getting it ready for the market.
Identify the new home you want to buy in Milano, 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 Milano, 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 Milano, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Milano, 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 Milano, 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 Milano, 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 Milano, 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 Milano, 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 Milano, Texas offer a valuable financing option for homeowners looking to purchase a new home before selling their existing one. These short-term loans provide quick access to funds, enabling seamless transitions between properties without missing out on the ideal home. Demographically, Milano, Texas is a small but growing community located in Milam County. With a population of approximately 400 residents, the town boasts a tight-knit community feel and a median household income above the state average. Its proximity to major cities like Austin and Houston makes it an attractive residential location. In terms of the housing market, Milano offers a mix of single-family homes, ranch properties, and vacant land for development. The market is characterized by affordable housing prices compared to nearby urban centers, making it an appealing option for first-time homebuyers and those seeking a quieter, more rural lifestyle. Main attractions in Milano include the Milano Livestock Exchange, an important hub for local agricultural activity, as well as the picturesque San Gabriel River and nearby hiking trails. Residents can also enjoy a range of outdoor recreational activities, including fishing, boating, and camping in the surrounding natural areas.
Benefits of Bridge Loans in Milano, Texas
