With our Signature Select loans,
you can purchase a new home without
selling your current home first.
In today’s ultra-competitive housing market, a buyer who makes a non-contingent offer has a huge advantage.
Our Signature Select loans are designed for buyers who:
- Are unable to sell their house prior to closing on a new home.
- Can’t qualify with two housing payments.
- Are on a strict moving timeline.
You could qualify for a new mortgage by excluding the monthly principal/interest/taxes/insurance/association dues payment of your current residence from your debt-to-income ratio.
- Letter of intent to list the current residence within 90 days.
- Proof of more than 20% equity in the current residence.
- Qualifying credit score and debt-to-income ratio.
- Additional 12 months of reserves.