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Not enough down payment for a new home until current house is sold

Hi, my family plans on moving from Phoenix to Orange County. They’re in their mid-thirties and they have a high paying job. They have a house with $360-410k equity. My family has several pets which means in order to show and sell our current house, they need to leave the property. The problem is, they don’t have enough down payment on the new house they want to secure unless they sell their current house. Is there any solution for my problem? We need a short term loan until we sell our current property. by rtanter564 from Phoenix, Arizona. Jun 27th 2022 Reply


Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

This situation, buying before selling, but really needing the money from a sale to buy, is very common. There are potential work arounds that work great from many people. For others, there is no option but to sell first. Simply reach out to a local mortgage broker in your area. Give them a full application, and let them figure out what options will work for you. I provide home mortgage loans in MN WI IA ND SD. Find me at WI-MortgageBroker.com - Cambria Mortgage, NMLS 274132

Jun 30th 2022
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