Buy now sell later

Buy Before You Sell Loan Program

With our program, you can buy your next home and move into it before selling your current home. You no longer need to move twice, make contingent offers, or even show your current home while living in it!

How It Works

3 Easy Steps

Unlock Equity From Your Current Home

Our program allows you to borrow equity in your current home at 0% interest to use as a down payment on your next home purchase.

Buy Your Next Home With Confidence

Because you can make an offer on your next home without a home sale contigency, you can negotiate the best possible price and contract terms.

Move Into Your Next Home Then Sell Your Current Home

Move into your next home and then list your current home for sale. You’ll only move once and won’t have to live in your current home while it’s on the market.

Program Benefits

Explore some of the many great benefits of our construction loan program!

Unlock Equity

Access the equity you have in your current home to use as the down payment on your next home purchase.

One Move & No Showings

Move into your new home even before selling your current home, and avoid having to show your current home to buyers while living in it.

Sell For Top Dollar

You will have plenty of time to sell your current home for top dollar instead of trying to sell it within a short contingency period.

More Negotiation Power

You will also have more negotiation power when making an offer on your next home because you won’t need to make your offer contingent on the sale of your current home.

Guaranteed Sale

You will have a guaranteed backup offer in place just in case your current home does not sell within 120 days.

Program FAQs

Answers to commonly asked questions about our Buy Before You Sell loan progam.

How much does the program cost?

It's free to get started and to see how much home equity you can unlock from your current home. If you decide to use the program, there is a flat fee of 2.4% of the sales price of your current home ($9,000 minimum). The fee is due when your current home is sold. There is also an inspection fee of about $900 along with a closing services fee of $1,450.

However, if you use your own funds for the down payment on your next home and only need our program to solve your debt-to-income ratio problem to be able to qualify for two homes at the same time, we will reduce the program fee to only 1.5% of the sales price of your current home ($7,000 minimum).

Do all homes qualify for the program?

Most homes qualify for the program assuming they are in relatively good condition, not extremely unique, and are located within a reasonable distance of a major metropolitan area. Homes must be between 750 to 5,550 sq ft and be located on 5 or less acres of land. Manufactured homes, homes in age restricted communities, and homes that are undergoing major renovations do not qualify. Single family residences, condos, and townhomes all qualify for the program.

What happens if my home doesn't sell within 120 days?

If your current home doesn't sell within 120 days of purchasing your next home, it will purchased through the program and your existing mortgage will be paid off. Your home will continue to be marketed for sale by your listing agent, and when it sells, you will keep 100% of the net proceeds after deducting the program costs and any holding costs incurred during that time period.

How am I able to qualify for two homes?

Because you have a guaranteed backup offer in place to purchase your existing home if it doesn't sell within 120 days, the liability of your current home will not count against you when qualifying for your next home.

How much equity can I unlock?

The amount of equity you can unlock is determined by evaluating your home's value and current market conditions. Typically, the program lends up to 70% of the loan-to-value of your current home.

For example, if the market value of your current home is $500,000 and the remaining mortgage balance for your home is $250,000, you could unlock $100,000 in equity to use as a down payment on your next home purchase. ($500,000 * 0.7 - $250,000)

Equity unlock is limited to $2M.

How long does the process take?

Once you submit your loan application and provide the necessary property photos, we can typically issue a pre-approval letter to you within 24 hours, allowing you to proceed swiftly with the purchase of your next home.

Interest Rate Quote!

We offer some of the lowest mortgage rates anywhere. Find out how low of a rate we can offer you with a custom rate quote. Only takes a minute!

Get a Rate Quote

Client Testimonials

I am happy to wholeheartedly recommend Shay Wright with Home Financing Direct! He answered all of my questions and gave quality mortgage lending advice to my family. I would absolutely use Shay’s services again and have no hesitation recommending him!

Erin Hosford

I worked with Shay Wright to buy my first home and he was genuinely awesome. Shay was great at answering everything I asked and explaining to me how things worked. I shopped around a little for rates and these guys were able to provide me with the best ones.

Tanner Lewis

I recently refinanced with Home Financing Direct. The whole process was great! No surprises, great transparency, and a very simple process from start to finish. I was able to quickly secure a new home loan at an amazing rate! I would definitely work with them again.

Casey Woolley

Shay has been excellent in working with me right from the beginning. I felt he didn’t look my refinance as another file but took personal interest in advising me the best route. He also locked me on excellent rate where corporate banks were about 0.6 percent higher.

Fareed S

Very Professional, Shay Wright got me the best deal, I would highly recommend. I was stress free throughout the whole process and whenever I had a question he would respond right away. He is very knowledgeable and really knows what he is doing. I value his kindness, honesty, and hard work!

Miguel San Miguel

Shay Wright worked with us to qualify for a mortgage, gave us a great rate and was helpful from start to finish. Shay was available to give guidance and to answer questions, even during evenings and on weekends. I highly recommend you consider working with Shay.

Linda Snyder

Shay is so professional and responsive, he answered all my questions with patient in detail. Rates that he is offering are so competitive. He is the key to my recent real estate transactions.

Milad Zare

I was impressed with the professional and responsive communication, which made the whole process painless. We locked in a great rate quickly and Shay kept us informed ever step of the way. Better rates without all the headaches!

Gabriel Gross

We had a very positive experience with Home Financing Direct. Our representative, Shay Wright, was the best we could have asked for. He was very informative and helpful throughout the entire process. I’d highly recommend Shay to anyone looking for home financing.

Shaun Gardiner

Shay was a pleasure to work with! He was professional and responsive, and I felt like he did a great job communicating. He proactively communicated about every step of the process, and was fast to answer any questions. Highly recommend working with Shay @ Home Financing Direct!

Brad Warren

Had a great experience with Shay. He was always responsive and answered any questions I had. I was very happy with the process and got it done in my required timeline. All paperwork was submitted electronically using secure portals. All very professional and safe. I got a really good interest rate to boot.