Frequently Asked Questions (FAQs)

Yes. Homeowners often use a home sale contingency, a bridge loan, HELOC (home equity line of credit), or cash-out refinance. 

A more flexible option is a Buy Before You Sell (BBYS) program, which helps you unlock your equity and buy your next home first, often without a sale contingency. That can make your offer more competitive and let you move once instead of twice.

Flyhomes offers a Buy Before You Sell solution that combines equity access, offer-strengthening tools, and a built-in safety net to simplify the transition.

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Each solution supports a different part of the buy-before-you-sell process:

• The Guaranteed Backup Contract provides a backup offer on your current home, which may allow lenders to exclude your existing mortgage from your debt-to-income (DTI) ratio. It’s best for buyers who need to qualify for their next home without a home sale contingency.
• Instant Equity lets you access your home equity before selling, giving you funds for a down payment, closing costs, or reserves. This is a good fit if your equity is tied up and you need funds to move forward with your purchase.
• The Flyhomes Cash Offer allows you to make a cash-like, non-contingent offer on your next home, which is ideal when competing in fast-moving or multiple-offer markets.

These solutions can be used individually or together, depending on your financial situation and goals.

In most cases, no. Depending on the Flyhomes solution you choose, your bridge financing requires no monthly payments during the transition. Interest simply accrues and is paid off when your original home sells. 

This structure ensures most buyers don’t have to juggle two full mortgage payments at the same time.

The Guaranteed Backup Contract provides a built-in safety net. If your home doesn’t sell within the agreed-upon timeframe, Flyhomes can step in and purchase it at a predetermined price, ensuring you have access to your equity.

Flyhomes will then sell the home on the open market. If it sells for more than the backup amount, you keep any additional proceeds from the sale, after standard costs.

Yes. One of the main benefits of Buy Before You Sell is the ability to make a non-contingent offer by unlocking your home equity or using short-term financing solutions that let you buy your next home before selling your current one. Without a home sale contingency, your offer is typically more competitive in fast-moving or multiple-offer markets.

iBuyers like Opendoor and Offerpad offer speed and convenience by purchasing your home directly, which can simplify the selling process. The tradeoff is that they typically offer less than what your home might get on the open market, since they plan to resell it for a profit.

Flyhomes helps you purchase your next home first while your current home is listed and sold on the open market, where it can attract the strongest possible price. Instead of choosing between convenience and value, you can move on your timeline and still maximize your sale.

Eligibility depends on a few key factors, including your home equity, credit profile, and overall financial picture. To get started, you should connect with a loan officer, either one you already work with or one in the Flyhomes network. They’ll review your situation, including how much equity you have available, and help determine which solutions fit your needs so you can move forward with a clear plan.

Costs vary depending on the exact solution you choose. In general, programs start at around $2,500, with origination fees based on your loan amount. Interest accrues during the short holding period, which averages about 55 days. There are no prepayment penalties, so you can pay off the loan as soon as your home sells without additional fees.

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.

Coverage depends on your location. Flyhomes Buy Before You Sell is offered in many states across the U.S. You can check your specific city or state using our availability page.

Yes. In many cases, Buy Before You Sell can be used when purchasing a new construction home, depending on the builder, financing structure, and completion schedule. Because new construction timelines can vary, it’s important to work closely with your loan officer to set up the transaction so it aligns with your closing date.

Flyhomes Buy Before You Sell is a strong fit for borrowers making a move from one home to the next but facing equity, timing, or qualification constraints. This includes buyers whose equity is tied up in their current home, those who have difficulty qualifying while carrying an existing mortgage, or those who want to remove a home sale contingency and make a stronger, more competitive offer.

The Guaranteed Backup Contract can help reduce how much the borrower’s current mortgage impacts their debt-to-income ratio, depending on lender guidelines and loan program requirements. By putting a bona fide backup contract in place on their existing home, lenders may be able to exclude that payment from the DTI, which can help the borrower qualify more easily and increase their buying power.

Traditional bridge loans and HELOCs are typically based on a borrower’s current financial picture, including existing debt and the equity in their current home, which can limit flexibility. Flyhomes Buy Before You Sell takes a more forward-looking approach by factoring in the expected sale of the current home, which can help unlock more buying power and make it easier to move on to the next home.

Unlike traditional options, Flyhomes doesn’t require monthly payments during the transition period. Instead, interest simply accrues and is paid off once the original home sells, ensuring borrowers don’t have to juggle extra monthly payments during the move.

LTV limits and equity requirements vary based on the borrower’s overall financial picture, the properties involved, and the specific program being used. For example, some options allow for up to 95% LTV on the new home, while others use a combined structure that can support financing up to 105% of the new property’s value. In those cases, the loan is secured against both the current and new home, which helps spread the risk across both homes and allows for more flexibility in how the financing is structured.

No. Flyhomes provides short-term financing solutions to help borrowers buy before they sell. The long-term mortgage is handled separately by the loan officer once the borrower transitions out of the bridge financing.

The loan officer serves as the primary point of contact for the borrower and owns the client relationship throughout the transaction. They guide the borrower through pre-approval, help structure the right solution with Flyhomes, and originate the long-term mortgage once the borrower is ready to transition.

Broker compensation depends on the Flyhomes solution being used. For the Guaranteed Backup Contract, no broker compensation applies since it is a non-lending product handled directly by Flyhomes. For lending products like Flyhomes Cash Offer and Instant Equity, compensation is typically built into the financing structure and follows standard broker fee practices.

Documentation varies by Flyhomes solution, but the process is generally more streamlined than traditional financing. In many cases, initial evaluation relies on basic income, asset, credit, and property information. A completed scenario submission is also required to assess equity and structure the right program for the borrower. Some equity-based solutions require less upfront documentation.

Additional requirements may vary by program, and loan officers can refer to the partner portal for full details.

Yes. Flyhomes solutions are available to loan officers through an approved wholesale partnership. This means Flyhomes works alongside you as a financing partner when a borrower needs additional flexibility. You continue to own the client relationship and originate the primary mortgage. 

If you’re not yet set up, the Flyhomes team will guide you through onboarding so you can access the partner portal and use Flyhomes solutions with your clients.

To get started, you’ll connect with a Flyhomes Account Executive who will guide you through onboarding, training, and deal support. Once approved, you’ll gain access to tools and resources to help structure solutions for your clients. Connect with Flyhomes here.

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.

Flyhomes offers a range of marketing support to help loan officers grow their business. You’ll have access to customizable flyers and slide decks, co-branded webinars, and a resource hub with ready-to-use materials for your clients and agent partners.

No. Flyhomes is not a brokerage and does not represent buyers or sellers. You remain the client’s agent and maintain full control of the relationship throughout the transaction.

You list the departing residence and represent your client on the purchase as part of the same move. Because your client is empowered to buy before they sell, you retain control of both sides of the transaction and earn your full, standard commissions on each.

Flyhomes helps you win more listings and buyer clients by removing common barriers in the move process. Sellers can buy their next home before selling their current one, avoiding double moves and uncertainty. Buyers can turn contingent offers into cash-like offers, making them more competitive.

While the loan officer determines the right Flyhomes solution, your role is crucial in identifying when a client might benefit from buying before they sell. Once you make a connection, the loan officer will review the client’s financial situation and recommend the appropriate program. Flyhomes works alongside you to structure the solution and support the transaction through closing.

Flyhomes helps your clients compete by removing the home sale contingency that often weakens offers. This is done by unlocking equity from the client’s current home or providing short-term financing, allowing them to submit an offer that isn’t dependent on selling first. This puts buyers in a stronger position when competing with cash offers.

Closing timelines depend on the specific solution and transaction structure. Once a buyer is approved, closing can often happen on an accelerated timeline compared to traditional contingent transactions, in some cases as fast as 10–14 days.

Flyhomes provides a Guaranteed Backup Contract, which gives your client a built-in safety net if their home does not sell on the open market within 180 days of closing on their new home. If that happens, Flyhomes can step in and purchase the home at the agreed price so the client can still move forward without having to wait on a sale.

If Flyhomes purchases the home and later resells it on the open market, you remain the listing agent of record. Any net proceeds after standard costs are returned to your client. If the home sells for less than the agreed price, your client is not responsible for the difference.

No. There is no certification required and no fee for agents to work with Flyhomes. Once partnered with an approved loan officer, you can use Flyhomes solutions as part of your client’s transaction when needed.

Agents can get started by connecting their client with a preferred loan officer, who can partner with Flyhomes if they aren’t already set up. If you don’t have a loan officer you work with, Flyhomes can connect you with one in their network.

Yes. You can continue working with your preferred loan officer. If they aren’t set up with Flyhomes, they can be onboarded so you can work together on the transaction.

Yes. Flyhomes solutions are structured through a loan officer, who handles the financing and helps tailor the approach based on the client’s financial situation.

Flyhomes Buy Before You Sell solutions are offered in most U.S. states, 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. You can check state-specific details on the product availability page or by connecting with a Flyhomes loan officer or representative.

Flyhomes helps builders by improving the homebuying process, making it easier for more customers to purchase new construction.

More buyers can qualify even if they still own a home, which increases demand for your inventory. Fewer contingencies lead to more predictable timelines and fewer fall-throughs. And when homeowners can access more of their equity, their purchasing power increases, allowing them to afford higher-priced homes.

Yes. Flyhomes Buy Before You Sell solutions can be used for new construction, helping buyers secure a new build even while they still need to sell their current one.

This allows buyers to move forward on a new build without waiting for a sale, reducing delays and keeping construction timelines on track. The Guaranteed Backup Contract can be a helpful option in these situations, since it provides flexibility when timing is uncertain.

Yes. Builders can continue working with their preferred or in-house lender for the permanent mortgage. If that lender isn’t already set up with Flyhomes, they can be onboarded to work together on the transaction.

Flyhomes bridge financing is designed to support timing changes that can arise with new construction. If a build timeline shifts, the structure can typically be adjusted to reflect the updated schedule so the buyer can continue moving toward closing.

Exact options depend on the specific solution and the borrower’s situation, so coordination with the loan officer and Flyhomes team is needed to determine the best path forward.

No. Builders do not need to pay a fee or enter into an exclusive partnership to work with Flyhomes. Flyhomes solutions can be used when the buyer’s loan officer is partnered with Flyhomes, and no additional setup is required on the builder side.