Mortgage lender EDGE Home Finance is now offering Calque‘s “buy-before-you-sell” loan programs, including The Trade-In Mortgage and Contingency Buster.
Calque’s loan programs allow homeowners to leverage their existing home equity, making it easier to purchase a new home before selling their current one.
“By partnering with Calque, we can provide homebuyers with a cost-effective solution that allows them to utilize their home equity in today’s competitive real estate market,” says Tom Ahles, chief growth officer for EDGE Home Finance, in a release. “Their approach ensures our borrowers don’t have to sacrifice their financial security as they transition into a new home.”
Many homeowners in this market have built substantial equity in their current homes but encounter difficulties when purchasing a new home before selling their first residence. The strategic partnership between EDGE Home Finance and Calque provides borrowers with streamlined lending options, enabling them to exclude their current mortgage from their debt-to-income (DTI) ratio during underwriting.
Additionally, the Trade-In Mortgage allows buyers to convert home equity into cash, strengthening their down payment or reducing outstanding debt.
“Calque is proud to partner with EDGE Home Finance to expand access to these powerful home financing solutions,” says Michael Bremer, CEO of Calque. “Homebuyers are facing a challenging market, where high mortgage rates and low inventory create intense competition, and our solutions give homeowners the edge they need. With the ability to make non-contingent offers, homeowners can confidently secure their next property in 2025.”