Lendia Mortgage — Specialty Loans

Buy Before You Sell in California

Buy Before You Sell programs allow California homeowners to purchase their next home before their current home is sold — eliminating the need for contingent offers, temporary rentals, or the pressure of a simultaneous close. Whether structured as a bridge solution or through a dedicated program like BYOC (Bring Your Own Client), Lendia helps homeowners in Southern California navigate the transition from one home to the next with confidence and without compromise.

Buy Before You Sell At a Glance

Feature Details
Program Type Bridge / transition financing
Primary Benefit Buy new home before selling current home
Contingency Required No — non-contingent offers on new purchase
Eligible Borrowers Existing homeowners with equity in departing residence
Loan Types Conventional, jumbo, FHA, VA (varies by program)
Departing Residence Carried during transition; rental income may be counted
Typical Sale Window 6–12 months (varies by program)
Eligible States California
Buy Before You Sell — Full Q&A Library

A typical timeline from offer to sale

  1. Before you shop: we review your equity in the departing home, your income, and which program structure fits.
  2. Offer and close: you write a non-contingent offer on the new home and close on it.
  3. Listing: many programs expect the departing home to be listed within about 30 to 90 days of closing on the new one.
  4. Sale window: the program generally allows 6 to 12 months to sell.
  5. Payoff: escrow on the sale repays the existing mortgage and any advance or bridge, and the remaining equity comes to you.

A cost example (illustrative example, not a quote)

Program fees are commonly 1%–3% of the advance or bridge amount. If a $200,000 advance carried a 1% fee, the fee would be $2,000; at 3%, it would be $6,000. The new purchase loan has its own closing costs, and the sale of the old home carries normal California selling costs. Compare the range against what a missed home, a second move, or a temporary rental would cost you.

What to line up before you write an offer

  • A realistic value for the departing home, ideally supported by a local agent’s opinion.
  • Your current mortgage statement so we can estimate the equity available.
  • Income documents for the new loan, plus lease or rent data if you may rent the old home.
  • A listing agent you trust, since a signed listing agreement can affect how the old payment is treated.

Frequently asked questions

Which loan types can be paired with this approach?

The table lists conventional, jumbo, FHA, and VA, with availability varying by program. We check which one fits your purchase when we review your scenario.

Do I need to move out of the old home before listing?

Not necessarily. Many sellers list while still packing, or stage the home after moving. The agent and the program terms decide the practical timing, so raise it early.

Can I rent the old home instead of selling?

The program is built around selling the departing home, although rental income may be counted during the transition in some cases. If you might keep it as a long-term rental instead, tell us up front, because it changes how income and the old payment are evaluated.

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