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Happy couple giving each other high-five at their new home
Happy couple giving each other high-five at their new home
Happy couple giving each other high-five at their new home
Happy couple giving each other high-five at their new home
Happy couple giving each other high-five at their new home
Happy couple giving each other high-five at their new home
Happy couple giving each other high-five at their new home
Upgrading to a new home should be easy
Our Easy Move Cross Collateral home loan makes it possible

Easy Move Cross Collateral Home Loan

Buy your new home and worry about selling your current house later with an Easy Move Cross Collateral Home Loan. Depending on how much equity* you have in your current home, you could get into your new home for as little as zero down.

After the sale of your current home, you apply the proceeds to reduce your Easy Move Cross Collateral loan**. Best of all? You can get prequalified so you can get your search started and find the home that’s right for you.

Ready to get prequalified? Meet with a WaFd Mortgage Banker to get started today.

Easy Move benefits:

  • Purchasing power to make a competitive offer on a new home.
  • Ability to buy or build your dream home before your current home is sold.
  • Avoid the hassle of contingency loans.
  • No pressure to sell your old home right away so you can get the best offer.
  • No moving twice. Move right in to your new home.
  • No hassle or pressure of having to constantly show your home while you are living in it.
Family in front of their house

How to Buy Another House Before Selling Yours

Learn how an Easy Move Cross Collateral Loan, available through WaFd Bank, lets you stay in your current home while you close on your new home.

Read Article

*The equity of your home is the difference between the value of your home and how much you owe on your mortgage. If your home is worth $350,000 and you owe $150,000 on your mortgage, your equity is $350,000 minus $150,000 or $200,000.

**The Easy Move Cross collateral loan is calculated based on a maximum 75% combined loan to value (CLTV) up to $1,500,000 less any existing mortgage owed on your current home. For example, when if the current home is valued at $350,000 with an existing mortgage of $150,000 and the new home is priced at $400,000, the Easy Move Cross Collateral loan is calculated as follows:

The combined value of your current home and new home is $350,000 plus $400,000 or $750,000. The CLTV (75%) of the combined value of $750,000 is $562,500.

The Easy Move Cross Collateral loan is $562,500 minus the existing mortgage of $150,000 which equals $412,500. The Easy Move Cross Collateral loan will finance the purchase price plus closing costs as long as the total is less than $412,500 without requiring the contingency of selling your current home.