1-877- 292-7350 jhurst@hurstlending.com

Retired Buyer

Buy before you sell.

Don’t Wait Until Your Old Home Sells

Client Reviews

Do you want to purchase a new home near your family or in a resort location? Do you feel like your hands are tied until your old home sells since you need your equity from your old home to pay for the new home?  Will you not qualify for a new loan until your old home sells?

You no longer need to wait to sell your old home before buying a new one.  We will provide you a short term loan that allows you to pay cash for your new home and you can pay off this short-term loan as soon as your old home sells.

Our short-term loan also works great for retired buyers who are on a fixed income and can’t qualify for a conventional loan. Our Domination Retired Buyer Short-Term loan is more flexible than traditional loans and your payments on this loan can be deferred for up to three months while your old home sells! 

Hurst Lending IconHurst Lending

4.8 ★★★★★ 40 reviews

Over $1 Billion in Loans Funded

And we are just getting started!  

We're Expanding!

Offering loans in Alabama, Colorado, Florida, Georgia, Idaho, Iowa, Louisiana, Oklahoma, Oregon, Pennsylvania, Virginia, Texas and Washington.

Why Use Our Services?

Make a Smart Move

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HOW IT WORKS

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Use Short-Term Loan to Purchase a New Home

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No Payment for up to 3 Months to give you time to Sell Your Current House

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No Prepayment Penalty

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Loan Can be Structured as a:

  • 1st lien loan that you pay off when you sell your current home
  • 2nd lien loan so that you set your 1st lien conventional loan at the loan amount you want for the long term and you use our short term second lien as a proxy for the equity in your current home.
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CONVENIENCE

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Buy Before You Sell

Don’t worry about timing on the sale of your old house.

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Easy to Qualify

Easier to qualify even if you are on a fixed income.

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Quick Decisions, Quick Closing

No unnecessary red tape.

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“Football’s hard.
Moving doesn’t have to be,
Buy Before You Sell.”

 

Dat Nguyen, Hurst Lending Investor
Former Pro Football Player & Coach

QUESTIONS?

Call 1-877-405-3465

Dominate by Using Our Funds to Buy Before You Sell

How our Program Works?

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Step 1

Apply 

It’s quick and easy.

Get approved for both a short-term loan and long-term home loan from us in a single step. Get started now!

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Step 2

Use our Funds 

Use our funds to purchase your new home.  We provide you a short-term loan to pay cash for your new home.

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Step 3

Move When Ready

Move when it makes sense for you – no interim housing, no storage, no stressful contingencies.

 

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Step 4

Refinance Your Short Term Loan

If you drew against the short-term loan we will promptly refinance you into a long term low rate conventional loan (as soon as possible after your closing).  We will use the same appraisal to save you money.

Make No Payments on Your New Home for Up to 3 Months!

(while your old house sells)

Pricing

Up Front Cost

  • One low $495 fee to set up your Short-Term Loan and allocate Funds for your use.
  • We provide you a Proof of Funds Letter that you have funds available to make a Cash Offer.

If Your House Sells

  • Skip the Short-Term loan and the $495 fee is all you pay.

If Your House Doesn’t Sell

  • Draw against the Short-Term loan to close on your new home.
  • There will be traditional loan closing costs when you draw against the loan (e.g. appraisal, title policy, underwriting fee, etc. and a 1% origination for the amount you draw from the line of credit).
  • The $495 up front fee will be credited toward these closing costs.

Rates on Short Term Line of Credit

  • Our Short-Term loans rates start at 5.99%
  • Payments on our Short-Term loan may be deferred for up to 3 months to give you time to sell your old home
  • Deferred Payments are added to the principal balance of your short-term loan.
  • Your Short-Term loan must be paid off at the earliest of when your old house sells or within 1 year.

Our Portfolio of Short-Term Domination Loans

MAKE A CASH OFFER

Make a cash offer to win the bidding war. A cash offer will get the home you want at the best price in any type of market.

BUY BEFORE YOU SELL

Eliminate contingencies, skip the showings and plan a convenient move. Don’t waste money on interim housing, storage and moving twice!

BUYER FELL OUT

If your buyer falls through in your contingent contract, don’t give up on your dream home or cancel your moving plans.

MOVE NOW

Don’t wait until your house sells just because you’re on a fixed income. No need to liquidate your assets to buy your new home with cash.

Click Here or call us at 877-292-7350 to get started.

About the Buy Before You Sell Loan Program

At Hurst Lending, we’re problem solvers. Over the years, we’ve talked with thousands of home buyers. In the process, we realized that the standard method of buying a home while selling another one is simply inefficient. Many people end up selling their homes for less than market value to avoid moving twice or losing their dream home. Others spend thousands of unnecessary dollars on temporary housing, storage, and moving twice.

A couple of years ago, we designed and began testing a better process – a smarter way to buy a home, reducing the stress and cost of buying, selling and moving. We have fine tuned our offer in our home state of Texas and soon plan to start rolling this offer out around the country. Home buyers using our short-term loan program have gained financially in many ways:

  • By making an all-cash offer, our buyers often pay less for a new home – and in competitive markets, a cash offer will also dominate a bidding war.
  • Applying the equity in their existing home toward the purchase of a new one.
  • Avoiding the expense of moving twice.

Although interest rates are a bit higher on a short-term loan than on a conventional mortgage, the amount of money spent is quite low because our offer is short-term. As a result, our customers find that they can move for the same cost, or even less, than with a conventional “sell then buy” approach – all with less inconvenience and stress and more control. Best of all, they can gain the upper hand over other buyers and get their dream home!

If you are interested in learning more about the new, smarter way to buy a home, we’d love to tell you more. Give us a call at 877-405-3465 or contact us today.

Latest Blog Posts

Tired of Losing Your Dream Home to Multiple Offers?

Tired of Losing Your Dream Home to Multiple Offers?

By Scott Bialek, Co-Founder of Hurst LendingThe Texas real estate market has changed drastically over the last few years.  In Austin Texas, 38.1% of real estate agents expect their buyers to need to make 5-10 offers before they’ll succeed and 36.5% of agents expect...