How to Buy a New Home Without Selling Your Current One First

August 7, 2025

Share this article

How to Buy a New Home Without Selling Your Current One First

Explore the power of a using a First Lien HELOC as a Bridge Loan


Are you looking for a short-term financing solution that lets you purchase your next home before selling your current one? If so, using a First Lien HELOC as a Bridge Loan could be the perfect option for you.

Most people think of a HELOC as a second mortgage or a way to tap into equity of your current home; however, another strategy for HELOCs is to use it as a bridge loan to secure a new home before selling your current one.


Bridging the Gap Between Your Current and Future Home


Timing the sale of your current home with the purchase of your next one can be a challenge. Maybe you’ve found your dream home but haven’t sold yet, or maybe you’re hoping to avoid being tied down by a sales contingency. 

This is where using a First Lien HELOC as a bridge loan comes into play.


Unlock Greater Flexibility with a First Lien HELOC


Using a First Lien HELOC as a bridge loan allows you to use the equity in your current home to help fund your next home purchase—without taking on multiple loans or waiting to sell first.


Benefits of a First Lien HELOC


Boost Your Borrowing Power
Access up to 90% loan-to-value (LTV) on your home’s equity.
Simplify Your Debt
Consolidate your first and second mortgage into one flexible line of credit.
Streamline Your Finances
Pay interest only on what you use. Enjoy minimal complexity and maximum control.


How to Qualify


We offer customized underwriting to better serve a wide range of borrowers. 

Here's what you'll need:
  • Minimum 640 FICO score
  • Maximum 90% LTV
  • Minimum loan amount: $50,000
  • Maximum loan amount: $750,000
  • Maximum debt-to-income (DTI) ratio: 45%

We also consider non-traditional income sources, including:
  • Bank statements
  • Asset depletion
  • Additional flexible income documentation options


Built-in Borrowing Flexibility


This is not your typical loan. With a First Lien HELOC:
  • No PMI (private mortgage insurance)
  •  No required draw
  •  No cash-out restrictions
  • No prepayment penalties


An Easier Way to Buy and Sell


Buying a new home doesn’t have to mean rushing or struggling to sell your current one. By using a First Lien HELOC as a bridge loan, you can move forward confidently—on your terms.


Ready to Explore Your Options?


Give us a call or visit us online to see if a First Lien HELOC is the right financing solution for you!




Terms and conditions apply. All loans subject to credit approval.



Recent Posts

September 17, 2025
As interest rates are trending downward, this shift is opening the door to new opportunities to lower monthly payments, consolidate debt, or tap into home equity.
September 8, 2025
In March 2026, the Homebuyers Privacy Protection Act will put an end to the unwanted solicitations many buyers receive after submitting a mortgage application.
September 3, 2025
Back-to-school season is here. Many Gen Z students are benefitting from a part-time job during the school year.
August 27, 2025
Mortgage strategies for retirement planning, including refinancing for retirement and more.
August 21, 2025
Refinances currently account for 46.5% of all mortgage activity. Is your home loan working for you? More homeowners are taking a strategic, big-picture approach to their finances—and home equity is playing a big role in that shift. With high-interest debt, rising living costs, and growing home equity balances, many of
August 14, 2025
Your down payment doesn't need to be a dealbreaker. Whether through local down payment assistance programs or federal loan options like FHA, VA, or USDA loans, there are multiple paths to affordable homeownership in 2025.
By marketingdept July 15, 2025
Buy Now, Sell Later: Qualifying for a New Home Without Selling Your Current One
July 1, 2025
To help you understand the buying process, we’ve broken it down into seven common steps The process can vary slightly from one person to the next, due to the many variables that are involved But it usually goes something like this
By marketingdept June 24, 2025
The Value Assurance program is a new and effective way to beat cash offers and increase your odds of getting your bid accepted without accumulating additional financial risk.
By marketingdept June 18, 2025
Obtaining a Mortgage When You’re Self-Employed in the Age of COVID-19
Show More