Buy Before You Sell

You don’t have to wait to until your current home sells to buy a new place. Make the move sooner by tapping into your existing home equity.*

How It Works

  • With an Equity Access loan, you can cash out an advance of the equity from your current home to use towards buying a new home.
  • You can pull $100,000 to $300,000 of your existing equity.*
  • Once you sell your old home, you’ll pay back the equity amount you used.

How You Benefit

  • Offers flexibility and convenience to move fast in a hot housing market.
  • Boost your buying power and trade up to a bigger home, a better location, or more amenities.
  • Make your offer stand out because there’s no contingency to sell your current home.
  • Alleviates the pressure of finding the right buyer for your existing residence.

*Equity Access is a short-term bridge loan. Maximum loan-to-value (LTV) is 75% of the Equity Access loan amount plus the current mortgage balance, divided by the home’s comparative market analysis (CMA) value. Borrower must have a minimum 720 credit score, plus meet additional qualification criteria. Additional restrictions, requirements, and underwriting conditions may apply. Speak with your Mortgage Branch Manager, CMPS for details. Not a commitment to lend. Borrower must meet qualification criteria. Program details are current as of September 2023 and are subject to change without notice.

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