Buy Before You Sell Loan Options

If you're looking to buy a new home without waiting to sell your current one, our Buy Before You Sell (BBYS) programs allow you to remove the home sale contingency from your purchase offer, tap into equity on your departure residence before you sell, reduce the risk of a double move and storage costs, lower your debt-to-income ratio on your mortgage application, and maximize your purchasing power—all while giving you flexibility and peace of mind to close on your timeframe.

What is Buy Before You Sell?

Buy Before You Sell (BBYS) is a powerful financing solution that helps homeowners purchase a new home before selling their current one. Whether you're relocating, upsizing, or just trying to avoid the hassle of timing two closings, BBYS programs let you:

Use your existing equity as a down payment on the new home
Make stronger, non-contingent offers (like a cash buyer)
Avoid temporary housing or double moves
Access bridge loans or trade-in programs to simplify the transition
Maximize your pre-approval and purchasing power
Reduce stress and simplify your move

These solutions are designed for move-up buyers who have sufficient equity in their departing residence but don’t want to be forced to sell first—or be stuck carrying two mortgages at once.

At Resolute Lending, we work with several national providers that offer BBYS programs, including UpEquity, Knock, HomeLight, and FlyHomes. Each program has different terms, fees, and benefits. Scroll down to compare your options and see what fits best with your goals.

Program Comparison

Program	Key Features
UpEquity	Removes home sale contingency from your purchase contract and mortgage payment from DTI by paying off departing residence mortgage Trade-up fee: ~1.65% of greater of list or purchase price Bridge origination fee: ~2% of bridge loan amount No monthly payments or interest on departing residence Term: 90 days (up to 180 days with 2% extension fee) Access up to 85% loan to value with sufficient documented reserves.
FlyHomes	Removes home sale contingency from your purchase contract and excludes mortgage payment from DTI through Guaranteed Backup Contract (GBC) Flat guarantee fee ($2,500+) to exclude mortgage from qualifying DTI ratio Origination Fee: 2% for 1st lien or 2.5% for 2nd lien + interest (~9.99% APR) + Borrower Paid Broker Fee. Term: Up to 12 months, however will be subject to GBC date (180 days) or other sales contract. Interest on bridge loan accrues to payoff with no monthly payments due on bridge loan. Max CLTV: 90% of departing residence up to $2 Million
HomeLight	Equity unlock based on home value and payoff Fees: ~2.4% of sale price + fixed transaction & inspection costs No interest if sold within program timeline Term: Must be under contract by day 90 and sold by day 120 Max LTV: 70% of departing residence
Knock	Fixed fee: 2.25% of estimated list price Estimated closing costs: ~$1,850 No interest for 180 days Funds available for down payment, closing costs, moving, and home prep Will pay departure residence mortgage for up to 6 months Max CLTV on departing residence: 75% CLTV

Which Option Is Best for You?

The right BBYS solution depends on your goals, equity position, and expected time to sell:

Need maximum equity? UpEquity & FlyHomes typically unlocks the largest portion.
Want to avoid interest? HomeLight and Knock don’t charge interest if timeline requirements are met.
Prefer lower costs? Bridge loan programs like Knock and FlyHomes can sometimes be more affordable overall due to smaller loan amounts.
Qualifying concerns? All programs help remove the home sale contingency from your purchase contract and exclude your current mortgage payment from DTI, boosting purchase power.

Estimate Your Costs

Due to complexities in structuring and associated costs of calculating how much equity you can access and our relationships with our buy before you sell providers, we recommend that you contact us so we can help you determine your estimated home value and generate a custom report through each of our providers. There is no cost or obligation to receive your custom reports.

Next Steps

Not every Buy Before You Sell solution is available in every state, and every scenario is different. We’ll help you evaluate your options and build a custom strategy so you can buy your next home with confidence—before selling your current one.

📅 Schedule a free strategy call with our team

Buy Before You Sell Solutions