The Better Way to Buy
Never miss out on the perfect home because you haven’t sold your current one.
How it Works
Find Your Dream Home
Search for your next home knowing that you can make a cash offer.
Make a Cash Offer
Increase your chances of winning the bidding war by making a cash offer using our funds.
Move On Your Schedule
Buy your new home before selling your old one and move when you choose.
Easy to Qualify
Liberal debt to income ratios that don’t count old house payment against you.
I’ve worked with Jay Hurst on several loans for my homes over the years, for purchases and refinancing – and just completed one that was a long time planning. Jay is extremely knowledgeable and helpful, and was able to help advise me thru a lot of the nuance the options for my recent purchase, and provide a lot of clarity for me.Great guy to have on your side, and great rates!.
Hurst Lending was very easy to work with and stayed in constant contact with me throughout the loan process so I never had to wonder what the status of the loan was.
Here recently I finalized an investment refinance loan while working with Tony Severance. I had a great experience working with Tony as he constantly keep me updated through out the loan process. Overall a seamless process from beginning to end with our timeline staying on track. Plans are to continue to work with Hurst Lending / Tony on any future lending opportunities.
Reasons to Buy Before You Sell
No Double Moves
Since you already own your new home, you can choose when to move.
No Double Mortgages
With Hurst Lending, you will have just one payment to make.
Sell for Top Dollar
Since you won’t be in a rush to sell your old home, you can sell for the highest price.
Win the Bidding War
Making a cash offer will maximize your chances of winning the bidding war.
Solutions
That Help
You
ATTRACT
Your cash offer will gain attention and rise to the top of the other offers.
CLOSE
Close on time – your funds are guaranteed by Hurst Lending.
WIN
Your cash offer removes financial contingencies and is less risk for the seller.
MOVE
Move into your new home on your new schedule.
Frequently Asked Questions
How do I get started?
It’s quick and easy. Get approved for both a short-term loan and long-term home loan from us in a single step.
What if I can't qualify for the old house payment and mortgage on the new house?
We are lending our own funds for your short term line of credit/loan. We use common sense underwriting criteria that factors in the equity from your old home and use liberal debt to income ratios to enable you to qualify to purchase a new home before your old house sells.
Once I am approved, how do I make a cash offer for my new home?
Use our funds to purchase your new home. We provide you a short-term line of credit/loan to enable you to pay cash for your new home. We will provide you and a proof of funds letter showing that we have funds allocated for you use to purchase your new home.
Can you explain the proof of funds letter?
When we send you a proof of funds letter that means you are FULLY underwritten for a line of credit. This is very similar to a commercial line of credit issued by banks. These funds are FULLY available for you to use to purchase a property. The funds are simply waiting for an executed contract, along with an appraisal and clear title to be released to the purchaser.
Is this truly a cash transaction?
It is! The funds are waiting. The proof of funds letter is as good as if the funds are in your bank account.
From the seller’s point of view, is there anything negative about this transaction?
No. The seller will not have to worry about your loan falling out due to DTI, Job History, Buyer Self Employment, or any of the usual reasons a mortgage loan falls through. The short-term loan/line or credit or cash offer also eliminates the need for contingent contracts. This is a cost-free advantage to the Seller.
How long does it take to close this kind of transaction?
As quickly as we can get an appraisal and clear title. Everything else has been completed and the money is waiting. The line of credit is secured by the new property being purchased.
When can I move into my new home?
When can I refinance out of the short term loan?
- You just make payments on your old home until it sells. 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.
