Buy Before You Sell Program
At Red Oak Mortgage, we know timing your move can be stressful. Our Buy Before You Sell Program lets you purchase your next home first, offering a simpler, more flexible way to move.
What Makes This Program Unique
Traditionally, buyers needed to list, sell, or even have a contract on their current home before qualifying for a new mortgage. With this program, that’s no longer the case. All you need is a letter of intent to sell, and we can exclude your current home from your loan.
Who Can Benefit?
Anyone who doesn’t want to sell before finding their next home or wants to avoid temporary housing or moving twice.
What Are the Benefits?
Buy before you’ve even listed your current home.
Eliminate the risk of being left without a place to live.
Enjoy a more pleasurable, less stressful loan process.
Who Qualifies?
At least 20% equity in your current home.
At least 12 months of reserves available.