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Navigating the process of buying a new home in Milford, 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 Milford, TX or getting it ready for the market.
Identify the new home you want to buy in Milford, 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 Milford, 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 Milford, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Milford, 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 Milford, 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 Milford, 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 Milford, 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 Milford, 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 Milford, Texas offer a flexible financing option for those looking to buy a new home before selling their current one. These loans provide quick access to funds, enabling buyers to seize opportunities without being held back by the constraints of a traditional home sale. Demographically, Milford is a charming small town located in Ellis County, Texas. With a population of just over 700 residents, Milford offers a close-knit community feel, perfect for families and individuals looking for a quaint place to call home. In terms of the housing market, Milford presents a diverse range of options, from historic homes to new constructions. The market has shown steady growth in recent years, making it an attractive investment opportunity for those looking to buy or sell property in the area. Main attractions in Milford include the historic Milford High School, which has been converted into a community center, offering a variety of events and programs for residents. Additionally, Milford is known for its scenic countryside, with opportunities for outdoor activities such as hiking, fishing, and camping.
The Benefits of Bridge Loans in Milford, Texas
