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      2. Buy Before You Sell
      3. For Agents

      Unlock more equity for your clients with Equity Boost

      With Buy Before You Sell, HomeLight unlocks up to 70% of your client’s equity in their existing home to use on the purchase of their next home.

      We know that, sometimes, your clients need just a bit more equity to make the deal work. That’s why we launched Equity Boost, a feature with Buy Before You Sell that’s designed to help borrowers reach their down payment goals or assist in listing preparations at no extra cost.

      initial equity unlock amount pre-approval

      If your client needs more funds after they’ve received their initial Equity Unlock Amount, we can unlock additional equity for them with proof of assets, such as: 

      • Savings account 
      • 401(k) 
      • IRA
      • Investment or brokerage account 
      • Gift funds

      Unacceptable assets include cryptocurrency and business assets, as well as any assets that are already allocated for purchase of the new home.

      Please note that a minimum credit score of 620 is required for a client to be eligible for Equity Boost:

      • Client has credit score of 620-679: 2x asset requirement 
      • Client has credit score of 680+: 1.5x asset requirement 

      Here’s how to get the process started:

      1. Submit your client for Buy Before You Sell. Please note that a client needs to be approved for both the program and an initial Equity Unlock Amount prior to starting the application process for Equity Boost.
      2. Review your client’s Equity Unlock Amount. If you and your client determine they need more equity for their transaction and they meet both the credit score and asset qualifications, that means they’re a great fit for Equity Boost!  
      3. Educate your client about Equity Boost. Talk to your client about the option to unlock more equity through Equity Boost, how the program works and what assets and documents they’ll need in order to be eligible.
      4. Connect with the Loan Officer. If your client would like to move forward, reach out to the Loan Officer to get the Equity Boost process started. We’ll trigger an email to the Loan Officer requesting additional documents detailing the client’s assets they’d like to be considered, and they’ll submit the application for Equity Boost.

      Once your client is approved, we’ll issue an updated Buy Before You Sell Agreement showing the increased equity available thanks to Equity Boost.

      After your client’s departing residence sells, the sale proceeds pay off the Equity Unlock loan. If the sale doesn’t cover the balance, clients may need to liquidate assets at that time to cover the difference.

      Equity Boost is available in all states where HomeLight Buy Before You Sell operates, with the exception of Texas. We are working to bring Equity Boost to Texas soon.