Get Approved at The Lowest Rate
Navigating the process of buying a new home in Mumford, 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 Mumford, TX or getting it ready for the market.
Identify the new home you want to buy in Mumford, 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 Mumford, 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 Mumford, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mumford, 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 Mumford, 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 Mumford, 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 Mumford, 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 Mumford, 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!
A bridge loan in Mumford, Texas provides a temporary financing solution for individuals looking to purchase a new home before selling their current one. This type of loan offers quick access to funds, enabling smoother transitions between properties. Demographically, Mumford is a small town in Robertson County, Texas, with a population of approximately 185 residents. Known for its tight-knit community and rural charm, Mumford offers a peaceful escape from the hustle and bustle of city life. In terms of the housing market, Mumford boasts affordable property prices compared to neighboring cities, making it an attractive location for homebuyers. The market is stable, with a range of housing options available, from cozy single-family homes to spacious ranch-style properties. Main attractions in Mumford include the Robertson County Museum, showcasing the area's rich history, and the Mumford Volunteer Fire Department Park, which provides recreational facilities for residents and visitors. The town's proximity to nature trails and parks appeals to outdoor enthusiasts seeking a serene environment.
Benefits of Bridge Loans in Mumford, Texas
