Equity Unlock Calculator
Estimate how much equity we can unlock from your client’s current home.
Eliminate your client's home sale contingency, reduce their DTI ratio, and unlock up to 90% CLTV today!
Better yet: You'll earn $1k for each Buy Before You Sell transaction when the client’s departing residence closes.
Estimate how much equity we can unlock from your client’s current home.
Compare your client's purchase power and out-of-pocket costs between solutions.
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Customize marketing assets to pitch Buy Before You Sell to clients and agents with the click of a button.
Get answers to commonly asked questions, details on the program, and much more.
Give your clients a 0% bridge loan and access up to 90% of the equity* from their departing residence.
We place a backup offer on the departing residence to remove the home sale contingency — allowing you to remove your client's liability.
Omit the departing residence mortgage mortgage liability directly on your client's debt-to-income ratio.
Stand out from the crowd with the most innovative tools on the market and stay top of mind for agents and their clients.
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Pre-qualify your client in 24 hours or less
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Make a stronger, non-contingent offer
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Close on their new home and mortgage
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Sell their old home for full market value
How do you determine how much equity you can unlock from the departing property?
HomeLight can typically offer a loan of approximately 90% 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 $200,000 to put towards the down payment on their new home.
How much does the program cost for my clients?
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.
How do you determine the Back Up Offer?
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.
What is HomeLight’s Home Sale Guarantee?
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.
Sounds too good to be true. What's the catch?
There is no catch! Your clients are paying to use the program, but there are real savings and gains created from the program.
Hear it from the loan officers who trust us to make real estate transactions easy, simple, and satisfying.
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Using HomeLight’s Buy Before You Sell program has been a game changer for us!
My client and his wife visited The Villages for a weekend, and absolutely fell in love with a house there. It needed to close in 30 days, and they hadn’t even started the process to put up his house in South Carolina yet. And The Villages does NOT accept HTS Contingency offers under any circumstances. My client was a realtor himself and was initially reluctant about the 2.4% charge, but when I explained the benefits of the Buy Before You Sell program, all made sense, and it all defrayed the 2.4% charge. And as a realtor, when I asked him if it was easier to sell a house that was vacant, he readily agreed. When I further asked whether he often got a little better price on a vacant house – the light bulb went off. He immediately got it and said “and that’s where I can also actually save on the 2.4% fee I am paying!” And the deal closed!
