The Buy Before You Sell program is a financing bridge or equity advance — it is not a loan type itself. The actual mortgage used to purchase your new home can be a variety of conventional loan products, depending on the property and your qualifications.

Compatible Loan Types for the New Purchase

• Conventional loans — Fannie Mae and Freddie Mac eligible purchases, including high-balance conforming loans for California’s higher-cost counties
• Jumbo loans — for loan amounts above the conforming limit, common in Southern California markets
• FHA loans — available in some BBYS structures, though the equity advance mechanics may interact differently with FHA guidelines
• VA loans — eligible veterans may be able to use VA financing for the new purchase in a BBYS structure

Non-QM Compatibility

Some BBYS providers also work with Non-QM mortgage products, which is useful for self-employed borrowers or investors who need alternative income documentation for the new purchase loan.

The Bridge Component

The BBYS bridge or equity advance itself is a separate, short-term instrument secured by the departing residence. It is not the same as the new purchase mortgage and is repaid from the proceeds of the departing residence sale.