Building the bridge to your next dream home.
Buy your next home before selling your current one.
We’ve got the key to
your new home.
No Monthly Payments
Balloon payments are due in 6 or 12 months with no monthly payments required.
Stronger Borrower Profile
Look like a cash buyer and make a non-contingent offer on your next home.
Buy Before You Sell Calculator
Want to see how much you can afford? We can calculate your buying power in seconds!
Program Highlights
BBYS Buy Before You Sell
Primary Residence
- Loan-to-Value up to 75% on Buy Before You Sell loan amounts between $1,000,000 to $1,500,000
- Loan-to-Value up to 65% on Buy Before You Sell for amounts between $1,500,000 to $2,000,000
Non-Owner Occupied and Second Home
- Loan-to-Value up to 65% on Buy Before You Sell for loan amounts up to $750,000
- Loan-to-Value up to 60% on Buy Before You Sell loan amounts over $750,000
Have a question?
We have the answers.
How do BBYS Buy Before You Sell work?
The Buy Before You Sell pays off the existing mortgage and provides equity to use as a down payment on the new home or investment property purchase. There are no monthly payments due on the Buy Before You Sell. It is a single balloon payment due when the property is sold or in 6 or 12 months, whichever comes first.
Can I have another lender fund the new home purchase?
No. When LendSure funds a Buy Before You Sell, it must always fund the loan associated with the purchase of the new home or investment property.
Can the cash from the Buy Before You Sell be used for other purposes?
Yes, the funds can be utilized for various purposes, including debt repayment, covering closing costs, meeting moving expenses, furnishing your new home, making improvements, or renovating the property you're leaving to enhance its overall value.
Will the Buy Before You Sell affect the debt-to-income ratio on the new home purchase?
What makes LendSure's BBYS Buy Before You Sell unique is that there is no payment from the departure property to include when qualifying for the new purchase loan. Other lenders use payment from the departure property when qualifying for the new home loan, which makes it difficult to qualify for the home that they want.
How does a Buy Before You Sell help make a winning home purchase offer?
The BBYS Buy Before You Sell allows the borrower to make an offer to buy another property without having their departure property under contract; therefore, the borrower/buyer can make a non-contingent offer for the new property.
How can you determine your buying power in seconds?
You can use our Buy Before You Sell Calculator to determine your buying power in seconds! All you need to do is input a few details, and you'll be able to view and download the shareable results.
