Buy Before
You Sell
Coordinating the timing of selling your existing home while buying your new home can be a stressful and anxious time for many homeowners.
FAST FACT: An Arrival Home Loans bridge loan encumbers both properties through cross-collateralization and allows our team to leverage the equity in your home to maximize your borrowing power.
Why Choose Us?
In comparison to other buy before sale options, Arrival Home Loans offers the simplest transaction structure. Our patent-pending transitional bridge loan uses cross-collateralization which allows borrowers to obtain higher loan amounts, even up to 100% of the purchase price.
Our in-house bridge financing veterans along with our experienced operations team, work in tandem with your realtor and loan officer, ensuring a smooth process and great experience.
FAST FACT: Selling your existing home before purchasing your new home can be extremely stressful, costly, and time-consuming.
AHL News & Articles
FAST FACT: Staged Homes typically sell faster and at a higher price.
Testimonials
Arrival’s solution is by far the best, the easiest, and the most flexible out of all the buy-before-sell solutions available!
Arrival Home Loans Came to the rescue with a fast solution, and Chad Noble was great to work with. He got me a pre-qual letter the day of and allowed my client to put in an offer that weekend. They also were able to provide him the funds for the entire purchase of the new home, plus money back for majority of the closing costs and 6 months of interest payments.
I really like [the Arrival] bridge loan program, and I champion it over the other bridge loan investors that we have. It allows the LO to offer a different take-out loan for the client that fits their specific scenario. It also gives the LO the opportunity to do two loans and get compensated for both.
Don, Sophia, and team were amazing… always prompt and precise. I would say they over delivered wherever they could. I had slower borrowers that delayed us and I felt like it could have cost them the house. [The] team did everything they could to help make up time and deliver.
There are so many niche programs out there and this is one of the best.
Overall, it was a great experience. Where other bridge lenders failed, Arrival succeeded! Loan funded yesterday and recorded today. Very happy buyers and Broker!
Frequently Asked Questions
We take the first lien position on the home being purchased and are often in 2nd position on the home they already own unless it’s free and clear. The full amount of our note will appear on both properties. We can also offer the bridge loan with 25% down but no cross collateral is available. We are bridging to the refinance exit rather than the sale of the current home.
Typical scenarios:
- The client uses their existing home to help buy a new home before selling.
- A cash-out first or 2nd to provide a down payment or outright purchase of another property or even buy into a retirement community. There’s no cross-collateral, so we wire loan proceeds to the other escrow to create the required purchase component.
- The client doesn’t own a home, and has 25% down, but might not qualify for a conventional loan. (Job seasoning issue, insufficient credit, payment shock, or other issues limiting financing options.
A: Our Bridge loans are stated income and assets with no appraisal required. The minimum required credit score is 680. The maximum CLTV is 75% and comes with an 11-month interest-only term. Our bridge loan will cross collateralize, comes with no prepayment penalty, and 100%+ of the purchase price can be borrowed so long as there is sufficient equity. The interest rate will vary depending on LTV and credit scores. Click here to learn more.
A: 1-4 units, SFRs, condos, townhomes, and PUDs are preferred. Mixed-use, Rural, remote, agricultural/farm by exception only.
A: Yes, we can take multiple properties as collateral, however, additional processing fees may apply.
A: We are licensed in many states and constantly expanding. Click here to see what states we are licensed in.