Buying a high-value home with a jumbo loan, step by step
Buying before you sell
In brief
If you buy before selling, the lender may count both housing payments unless the old home is under contract or rented. Bridge loans and home equity on the current home can fund the new down payment. Plan for carrying both homes for a while.
Last reviewed against the primary sources listed below.
Ask
- Will both payments count?
- Do you offer a bridge option?
Buyer questions
Can I buy a new home before selling mine?
Yes, but both payments may count.
What is a bridge loan?
Short-term financing using your current home.