Our Departing Residence Program allows you to qualify on a new home purchase and we can exclude all mortgage payments on the departing residence…even if no contract to sell is in place.
If you’re looking to move into your new home without selling your old one, this is for you. Don’t wait to find your perfect home because you haven’t sold your current home.
• Signed letter of intent indicating the intent to list the departure residence for sale within ninety (90) days of closing on the your new primary residence
• Departing residence must have a minimum of 20% equity
• Minimum FICO score and maximum debt to income requirements apply
• Maximum loan-to-value of 90% or minimum 10% down payment options on your new purchase
• Eligible borrowers may be able to use bridge or HELOC* options for the down payment on their new purchase.
• Reserve requirements must be met to qualify
To download the file about this topic, click here.
Source: Mike Hoyt of OriginPoint
I’m Shirin Rezania Ramos, a licensed real estate broker in California. Are you dreaming of a new home but worried about selling your current one first? Let me guide you through a seamless transition. With my expertise, you can confidently buy your dream home first and sell your old home second. Contact me today to explore how this strategy can work for you! Call me at 858-345-0685.
Ready to sell? Know your home’s worth, click here.
Homes for sale in Carmel Valley click here.
Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
