Buy with $0 out of pocket and closed in under two weeks

Move with $0 Out of Pocket

After losing her husband, this buyer wanted to downsize into a condo with multiple competing offers, but most of her wealth was tied up in her current home. Flyhomes Move with $0 Out of Pocket leveraged equity from both homes to cover her down payment, closing in under two weeks with no monthly payments to carry.

• Borrower: Won a multiple-offer condo with little to no cash out of pocket and no monthly payments

• Loan officer: Closed in under two weeks when the previous lender couldn't, earning a new agent partner

• Agent: Turned a would-be waiter into a ready buyer, and a future listing

‍

State:

Washington (new home in Edmonds, departing home in Sammamish)

New Home:

$1,250,000

Current Home Value:

$2,700,000

Financial Produce Used:

Cross Collateral $600,000

Challenge

A homebuyer had just lost her husband and was ready to downsize from their large Sammamish home to a condo in Edmonds. Most of her wealth was tied up in her current home, so she had little cash on hand for a down payment before selling. The condo she loved had multiple offers, and the only way to win was a quick close, something her bank could not deliver in time.

Solution

Move with $0 Out of Pocket let the buyer buy first by leveraging the equity in both her current and new home, up to 105% LTV, to cover the down payment and closing costs with little to no cash out of pocket. She carried no monthly payments on the financing, and she closed in under two weeks. She can now move in and sell her current home on her own timeline.

For borrowers

  • Bought before selling with little to no cash out of pocket by using home equity.
  • Won a multiple-offer condo with a fast, competitive close.
  • Moved once during a hard life transition, with no monthly payments to carry until the old home sells.

For loan officers

  • Won the deal and closed in under two weeks when the previous lender could not.
  • Earned a new agent partner who now knows she offers fast closings and financing other lenders can’t match.

For agents

  • Help equity-rich buyers move before they sell, turning would-be waiters into ready buyers and a future listing.
  • Open a new referral stream from the downsizing community, a segment most competitors can't serve.

“My client’s husband just passed away and she was ready to move on from their large Sammamish home to a smaller condo in Edmonds. The condo she fell in love with had multiple offers, and the only way she could get her offer accepted was to offer a quick closing. We were able to use Flyhomes to close per contract and in less than 2 weeks!”

Jennifer McGeary, Mortgage Loan Officer, Generations Home Loans

“This deal has helped me secure a new real estate agent that now knows he has a great option for a buyer in a pinch that needs a fast closing and unique financing options.”

Jennifer McGeary, Mortgage Loan Officer, Generations Home Loans

Have a homebuyer in similar situation?

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FAQ's

The Guaranteed Backup Contract ensures you still have a path forward. If your home hasn’t sold within the program’s timeframe, Flyhomes can step in and purchase it at the agreed-upon backup price, helping protect you from extended holding costs and giving you peace of mind.

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It depends on the lender and loan type. Some bridge loans require monthly interest payments during the loan term. Others, including some Flyhomes Buy Before You Sell solutions, defer payments until the home sells and the loan is repaid.

Not usually. Lenders typically require you to leave some equity in your home, and borrowing limits depend on factors like your loan-to-value ratio, credit, and debt-to-income.

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Buy, sell, and move only once with Buy Before You Sell

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