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Navigating the process of buying a new home in Miles, 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 Miles, TX or getting it ready for the market.
Identify the new home you want to buy in Miles, 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 Miles, 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 Miles, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Miles, 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 Miles, 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 Miles, 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 Miles, 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 Miles, 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 Miles, Texas offer various advantages to borrowers. These short-term loans provide quick access to funding, bridging the gap between purchasing a new home and selling the current one. They allow homeowners to move forward with a new purchase without having to wait for their existing home to sell, providing flexibility and convenience. Miles, Texas, a small town with a population of around 800 residents, boasts a tight-knit community and a peaceful, rural setting. The town's demographics primarily consist of families and retirees looking for a quiet lifestyle away from the hustle and bustle of larger cities. The local housing market in Miles, Texas, is characterized by affordable property prices and a range of housing options. With a mix of single-family homes and vacant land available, buyers can find properties that suit their preferences and budget. The market trend shows stability and potential for growth, making it an attractive location for investment. While Miles may be a small town, it offers a unique charm and proximity to various attractions. Residents can enjoy outdoor activities like hiking, fishing, and camping in the nearby parks and lakes. Additionally, the town's friendly atmosphere and local events foster a sense of community and belonging.
Bridge Loans Benefits in Miles, Texas
