We’ll evaluate the current property for the program and let you know how much equity we can unlock for your client.
Once approved, your client will have access to a portion of their equity and be able to submit a competitive offer with no home sale contingency at any time.
.svg)
Your client can move immediately to their new home, thus avoiding paying for temporary housing and skipping the hassle of showing their home while they still live there.
Your client's agent will be ready to list the home unoccupied and potentially stage to attract the strongest offers possible. After selling your client will receive the remainder of their equity.
Partner with The Loan Store to unlock a powerful tool
Submit a Client
HomeLight can typically offer a loan of approximately 75% of the Combined Loan-to-Value (CLTV) of the departing residence. For example, if your client’s home is worth $1,000,000 and the mortgage balance is $500,000, they may be eligible for a loan up to $250,000 to put towards the down payment on their new home.
It’s free to get started and see how much equity your client can unlock. If your client chooses to transact using the program, the fee is 2.4% of the final sale price of the current home. Minimums apply if the final sale price is less than $375,000. If you elect to use HomeLight Closing Services on the transaction, select fees may be waived.
HomeLight’s Backup Offer is determined by the Loan Payoff Value, which is the client’s outstanding mortgage balance combined with the Equity Unlock funds utilized by the borrower.
If the client's current home isn't sold within 120 days of purchasing their new home, HomeLight will step in to buy it. The client will receive 100% of the net profits, less our program fee and any additional costs (taxes, insurance, etc.) incurred during HomeLight’s ownership, after it sells on the market.
There is no catch! You are paying to use the program, but there are real savings and gains created from the program.
Get the most of the program for your clients and become an expert in Buy Before You Sell with this Webinar.
Our Commitment to Accessibility: HomeLight is committed to making our website accessible and user friendly to all. While we are constantly working to improve, we welcome your feedback and accommodation requests. If you are having difficulty accessing or navigating our website, or if you have any suggestions to improve accessibility, please email our team or contact us.
© HomeLight, Inc., 100 California, Suite 800, San Francisco, CA 94015
Terms of Service
Privacy Policy
HomeLight Home Loans, Inc. NMLS ID#1529229, Equal Housing Lender.1375 N. Scottsdale Rd., # 110, Scottsdale, AZ 85257 | Telephone 844-882-3283
All rights reserved
