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!
Estimate how much equity we can unlock from your client’s current home.
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Compare your client's purchase power and out-of-pocket costs between solutions.
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 through HomeLight Home Loans Inc. 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.
* Dependent on borrower’s financial profile, equity position in departing residence, and based on loan officer’s incoming residence estimates on purchase price, down payment, and client income and liabilities; subject to change.
Mutual of Omaha Mortgage, Inc., NMLS ID 1025894. 3131 Camino Del Rio N 1100, San Diego, CA 92108. Alabama Consumer Credit License 22123; Alaska Broker/Lender License AK1025894. Arizona Mortgage Banker License 0926603; Arkansas Combination Mortgage Banker/Broker/Servicer License 109250; Licensed by the Department of Financial Protection & Innovation under the California Residential Mortgage Lending Act, License 4131356; Colorado Mortgage Registration 1025894; Connecticut Mortgage Lender License ML-1025894; Delaware Lender License 028515; District of Columbia Mortgage Dual Authority License MLB1025894; Florida Mortgage Lender Servicer License MLD1827; Georgia Mortgage Lender License/Registration 46648; Hawaii Mortgage Loan Originator Company License HI-1025894; Idaho Mortgage Broker/Lender License MBL-2081025894; Illinois Residential Mortgage Licensee MB.6761115 IDFPR-Residential Mortgage Banking, 555 West Monroe Street, Suite 500 Chicago, IL 60661, Tel: (844) 768-1713; Indiana-DFI Mortgage Lending License 43321; Iowa Mortgage Banker License 2019-0119; Kansas Mortgage Company License MC.0025612; Kentucky Mortgage Company License MC707287; Louisiana Residential Mortgage Lending License 1025894; Maine Supervised Lender License 1025894; Maryland Mortgage Lender License 21678; Massachusetts Mortgage Broker and Lender License MC1025894; Michigan 1st Mortgage Broker/Lender/Servicer Registrant FR0022702; Minnesota Residential Mortgage Originator Exemption MN-OX-1025894; Mississippi Mortgage Lender 1025894; Missouri Mortgage Company License 21-2472; Montana Mortgage Broker and Lender License 1025894; Nebraska Mortgage Banker License 1025894; Nevada Exempt Company Registration 4830. Licensed by the New Hampshire Banking Department, Mortgage Banker License 19926-MB; Licensed by the New Jersey Banking and Insurance Department. New Jersey Residential Mortgage Lender License 1025894; New Mexico Mortgage Loan Company License 1025894; North Carolina Mortgage Lender License L-186305; North Dakota Money Broker License MB103387; Ohio Residential Mortgage Lending Act Certificate of Registration RM.804535.000; Oklahoma Mortgage Lender License ML012498; Oregon Mortgage Lending License ML- 5208; Pennsylvania Mortgage Lender License 72932; Rhode Island Lender License 20163229LL. Rhode Island Loan Broker License 20163230LB; South Carolina BFI Mortgage Lender/Servicer License MLS-1025894; South Dakota Mortgage Lender License ML.05253; Tennessee Mortgage License 190182; Texas Mortgage Banker Registration 1025894; Utah Mortgage Entity License 8928021; Vermont Lender License 6891; Virginia Mortgage Broker and Lender License, NMLS ID #1025894 (www.nmlsconsumeraccess.org); Washington Consumer Loan Company License CL-1025894; Wisconsin Mortgage Banker License 1025894BA; Wyoming Mortgage Lender/Broker License 3488. Toll Free #: (877) 978-1922. Subject to Credit Approval. For licensing information, go to: www.nmlsconsumeraccess.org
HomeLight Home Loans | NMLS ID #1529229 | 1375 N. Scottsdale Rd. Suite 480, AZ 85257