We bought a brand new Villages home while our other house was under contract. Our downpayment money was tied up in our house and we didn't know what to do. The Villages realtor directed us to Citizens First Mortgage and we got what was called a bridge loan. It required some paperwork from the buyers of our home to be sure they were totally committed and qualified to buy our other home. It worked out well.
On a used home it would probably require a contingency which most sellers will keep you on the back burner and the home would remain on the market with you getting the first right to buy it should another offer come along. Not all sellers will accept contingency offers.
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