Strengthen Your Offer Program
This program allows the buyer to use equity from their current home towards a down payment on a new home, providing a stronger down payment amount.
Simpler alternative solution to confusing cash offer programs and bridge financing.
85% CLTV on current home
Loan amounts up to $350K, credit score 680+, DTI 45%
Approved in conjunction with a DML mortgage for new house.
Funds can be held in escrow with title company, so it’s not necessary to source funds for purchase mortgage.
*CLTV based on the AVM On-Site, or appraised value, not to exceed the current listing price of trailing home.
**Underwritten in-house to GBC guidelines. 1% origination on the line amount, and $595 underwriting fee.
