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Manny Oloyede | NMLS 1824463

Purchase pathway

Next Home Buyers

Moving up or moving over is mostly a sequencing problem. Your equity is in the home you still live in, and sellers rarely favor an offer contingent on that home selling. There are several ways to solve it, and each needs to be set up before you start touring.

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Who this is for

  • Homeowners with equity who need it for the next down payment
  • Buyers who want to make a non contingent offer
  • Families who prefer moving once rather than into interim housing

How the process works

  1. Establish your equity picture

    Get a realistic value estimate and subtract your payoff, selling costs and any liens to see what is actually available.

  2. Choose the bridge structure

    A HELOC on the current home, bridge financing, or qualifying with both payments each solve the same problem differently. The right one depends on income, equity and timing.

  3. Set the structure up early

    Equity lines and bridge loans take time to close. Starting after you find a home usually means losing it.

  4. Coordinate closings

    Your loan officer, both agents and the title company should be working from one timeline, including any rent back arrangement.

Common mistakes

  • Waiting to explore bridge options until an offer is due
  • Assuming your current mortgage payment disappears the moment you list
  • Overestimating net proceeds by forgetting closing costs and payoff interest

Loan programs that apply

Home Equity

Buy Now Sell Later

Buy your next home before selling your current one, without a sale contingency.

Learn more Home Equity

Bridge Financing

Short term financing that bridges the gap between buying and selling.

Learn more Home Equity

HELOC

A revolving line of credit secured by the equity in your home.

Learn more Core

Conventional Loans

The most widely used financing for primary homes, second homes and rentals.

Learn more Core

Jumbo Loans

Financing above conforming loan limits for higher priced homes.

Learn more

Frequently Asked Questions

Frequently yes, using a HELOC, bridge financing, or qualification with both payments. Which is available depends on your income, equity and credit profile.

That risk is why the structure matters. Bridge loans have defined maturities, and carrying two payments has a cost. Plan the timeline and a fallback before committing.

Not necessarily. Depending on income, equity and program guidelines, you may be able to qualify while carrying both payments, use bridge financing, or use a buy now sell later structure. The right path depends on your qualification profile.

Often yes, if you can either qualify with both housing payments or access equity before closing. Sellers generally prefer non contingent offers, so this is worth setting up before you tour homes.

Yes, through a sale, a cash out refinance, a HELOC, or bridge financing. Each has different costs and timing, and some must be in place before your current home is listed.

A HELOC on your current home can supply down payment funds, but it usually must be opened before the home goes under contract, and the new payment is counted in qualification. See the HELOC program page.

It is a structure that lets you purchase the next home first and sell your current home afterward, avoiding a contingent offer and a double move. Terms, costs and eligibility vary by provider and are reviewed case by case.

Often yes. Guidelines determine whether future rental income may be counted, and what documentation such as a signed lease is required. If rental income cannot be used, both payments are counted.

In limited situations, such as a sale that closes before or at the same time as the purchase, or documented rental income under a program's rules. It is guideline driven and never automatic.

All three can apply, subject to occupancy rules. FHA and VA are for a primary residence with limited exceptions, while conventional financing also covers second homes and rentals.

A self employed program that uses bank deposits rather than tax returns to calculate qualifying income, which can help move up buyers whose returns show heavy write offs.

A category of programs that qualify on assets or property cash flow instead of a standard debt to income ratio. They have their own requirements and are not a fit for every borrower.

Ready for the next step?

We will review your documents and give you a preapproval you can use with confidence. Not a commitment to lend.

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