Buy with $0 out of pocket and move to a better school district
Move with $0 Out of Pocket
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Tracy needed to move fast for a better school district, but most of her wealth was tied up in her home and stocks, with a competing cash offer on the table. Flyhomes Move with $0 Out of Pocket leveraged equity from both homes for a 105% LTV purchase, letting her buy with $0 down.
• Borrower: Purchased a $1.6M home with $0 down, keeping stocks and cash reserves intact
• Loan officer: Structured a 105% LTV solution most lenders couldn't offer
• Agent: Helped the family win against a competing cash offer with no contingency
State:
California
New Home:
$1,600,000
Current Home Value:
$1,300,000
Financial Produce Used:
Cross Collateral $1,680,000
Challenge
Tracy’s family needed to move quickly to a better school district, but most of her wealth was tied up in her home and stocks. With limited cash on hand and a competing cash offer on the table, time was tight.
Solution
By leveraging Flyhomes Buy Before You Sell with the Move with $0 Out of Pocket solution, Tracy was able to move forward with as little as $0 down by leveraging equity from both her current and future home, with 105% LTV of the new purchase price.
For borrowers
- Moved into the right school district quickly without waiting to sell her current home or liquidate investments
- Purchased a $1.6M home with $0 down by leveraging equity from both her current and new home
- Kept stocks and cash reserves intact while still winning against a competing cash offer
For loan officers
- Closed a complex, high-value deal by structuring a 105% LTV solution most lenders couldn't offer
- Served a client with significant tied-up wealth who had limited liquid cash — a common profile in California
- Delivered a creative solution under time pressure that earned lasting trust and referral potential
For agents
- Helped a motivated family win a $1.6M home against a competing cash offer with no contingency
- Moved fast enough to meet the client's urgent school district timeline without losing the home
- Delivered a high-stakes transaction cleanly, building credibility for future referrals in a luxury market
FAQ's
What if the buyer's old home doesn't sell within 180 days?
Flyhomes will buy it at the contract price and resell it. The buyer keeps any net profits* from the resale, and by default the original listing agent handles it — so the listing stays with you.†
Where are Flyhomes Buy Before You Sell programs available?
Flyhomes Buy Before You Sell programs are available in many states across the U.S., with availability varying by solution and location. The Guaranteed Backup Contract is available in all 50 states, while loan-based products depend on Flyhomes’ lending coverage. Loan officers can check specific availability using the product availability page or by contacting their Flyhomes representative.
Are there monthly payments on a bridge loan?
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.
Can I use all of my home equity for a down payment?
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.
