How to Buy Before You Sell: Smart Strategies for Your Next Move
Buying a new home while still owning your current one can feel overwhelming, but it doesn’t have to be. Whether you’re relocating, upsizing, downsizing, or simply found your dream home sooner than expected, Texas Lending Partners has flexible solutions to help you move forward without the stress of selling first.
Buy Before You Sell Programs: Move with Confidence
Our Buy Before You Sell programs give you access to up to 70% of your current home’s equity to use as a down payment, often with no monthly payments required on the bridge loan.
That means:
No juggling sale and purchase dates
No home-sale contingency in your offer
A stronger, cleaner offer in competitive markets
It’s a game-changer for buyers who want to act quickly and confidently.
Bridge Loans: Short-Term Flexibility
A bridge loan allows you to tap into your current home’s equity before selling, making it easier to present a strong, non-contingent offer.
Close with confidence: Perfect if you already have a buyer under contract.
Debt-inclusive option: Designed for homeowners who’ve listed but don’t yet have a buyer.
With access to up to $400,000, you gain flexibility and peace of mind while buying on your own timeline.
HELOC: Home Equity On Demand
A Home Equity Line of Credit (HELOC) lets you borrow against your home’s equity with interest-only payments during the draw period. It’s ideal for buyers planning to keep their current home as a rental property.
Benefits include:
Lower rates than other credit options
Borrow only what you need, when you need it
Flexible repayment
Keep Your Current Home as a Rental
Not ready to sell? Turn your existing home into an income-producing property. Rental income may even help offset your new mortgage or boost your qualifying power. Options like a HELOC, second mortgage, or cash-out refinance can help make this strategy possible.
Contingent Offers: The Traditional Route
For buyers who want to play it safe, a contingent offer means you only purchase if your current home sells first. While it’s less competitive in a hot market, it’s a solid option when the market pace is slower.
Departing Residence Guidelines: More Buying Power
In certain cases, we can exclude your current mortgage from your debt-to-income ratio if your home is listed for sale and you meet certain requirements. This increases your buying power without waiting for your home to close.
Seller PreLock: Make Your Listing Shine
Want your listing to stand out? With our Seller PreLock program, you can lock in an interest rate for your future buyer, making your home more attractive and helping it sell faster, even in higher-rate markets.
Which Option Is Right for You?
The right strategy depends on your equity, financial comfort level, and market conditions. At Texas Lending Partners, we’ll help you explore all the options so you can buy before you sell with confidence.
Ready to find the best path for your move?
