← Unique Products
Excluding Your Departing Residence
Buy the next home without renting out the old one first.
Qualify for a new home purchase without counting the mortgage on the home you are leaving behind, even if you have not signed a lease yet.
Highlights
What makes this loan different
- Departing-residence payment excluded from DTI
- No requirement to have an executed lease in place
- Frees up qualifying income for the new home
Best for
Who this is built for
- Move-up buyers with strong equity
- Out-of-state relocations
Move on your timeline
Standard underwriting often requires a signed lease and a tenant in place before it will exclude your old mortgage from the new ratio. That can box you into renting on a timeline that does not fit. We have solutions that excuse the departing residence payment so you can buy and move first.
Ready to see what this loan would take in your case?
A quick application gets you a real, underwritten read on what is possible.