- Provides financing up to 80% of the combined loan-to-value for the balance of an existing and new primary residence up to the current conforming loan limit.
- Once you sell, proceeds from the sale of your existing home can be used to lower the monthly payment on your new home.
- Qualifying debt to income ratio is expanded from 43% to 65% and down payments as little as 5% are acceptable.
- Your existing home needs to be listed with a realtor and a 4-month cash reserve is required.
QuickMove Home Loan
If you’ve already found your next home, we’ll help you go ahead and buy it.
This program is designed for homebuyers who are looking to sell their existing home within 60 days.*
* If existing home fails to sell within the 60-day window, a second mortgage on that property will be secured by Bank until the home is sold or the new residence is properly collateralized.
This is not a commitment to lend. Mortgage loans subject to credit approval. Other restrictions may apply. Mortgage loan programs, rates, terms and conditions are subject to change without notice.
