Relocate across state lines and become mortgage free
Retire & Downsize
.avif)
David and Maria wanted to relocate from Washington to Florida, but couldn't access their home equity in time to secure the next home. Flyhomes Retire & Downsize unlocked that equity upfront, letting them buy first and move in mortgage-free once their Washington home sold.
• Borrower: Relocated cross-country and moved in mortgage-free, without a contingent offer
• Loan officer: Closed a relocation deal that would've stalled on equity timing
• Agent: Earned two referrals after delivering a seamless cross-state close
State:
From Washington to Florida
New Home:
$680,000
Current Home Value:
$1,150,000
Financial Produce Used:
Instant Equity $646,000
Challenge
David and Maria wanted to relocate from Washington to Florida, but couldn’t access their home equity in time to secure their next home.
Solution
Their loan officer used Flyhomes Buy Before You Sell with the Retire & Downsize solution to unlock that equity, allowing them to purchase the Florida home first. After selling their Washington property, they paid off the bridge loan and moved in mortgage-free. The agent on the deal was impressed and later referred two more clients.
For borrowers
- Accessed home equity before their old home sold
- Relocated on their timeline without being forced into a contingent offer that sellers in a new market may reject
- Moved into their new home mortgage-free once their old home sold, with no long-term debt carried forward
For loan officers
- Closed a relocation deal that would otherwise have stalled due to equity access timing
- Delivered a seamless cross-state solution that earned client loyalty and referrals
- Won business that would otherwise have gone to lenders with bridge products already in place
For agents
- Helped relocation clients compete in a new market without a contingency holding them back
- Closed the deal on the buyer side without waiting on the Washington sale to align
- Turned one smooth transaction into future referrals — the agent on this deal sent two more clients after seeing how efficiently it was handled
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.
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.
.avif)