Buy With $0 Down

Here's exactly what you need to know to buy your next home with no money out of pocket. We've helped hundreds of homeowners use their equity as a downpayment for their next home. 

First, you need a market report so you know what your home will sell for. Not what Zillow says it’s worth. Not what your neighbor sold their home for. This first step is critical. If you skip this step, you’ll cause yourself a lot of headaches down the road.

Then, we calculate your net proceeds. This is where I run a netsheet to show you after selling costs and your mortgage payoff what you will walk away with. This is called your equity.

Equity is the difference between what your home is worth and what you still owe on your mortgage. Literally cash money. That equity can be used towards your next home. It can cover your down payment, moving expenses, pay off cc debt, or just leave money in your pocket after closing.

And no, you don’t need to put down 20%.

After you know your equity, you fill out a mortgage application so you know what you’re pre-approved for and what your mortgage payment will be on the new home.

If you’re wanting new construction, you can usually contract on the new home before your home is listed, depending on build time. If you’re wanting an existing home, then we list your home, then once it goes under contract, you can start offering on your next home.

The average equity for someone who purchased in 2020 is $104,000.

So the question is: are you staying where you’re at only for the interest rate? Or are you ready for to put your equity to use?

Scheduling a call with us is the first step to see how this plays out for you. Book a call HERE.