Reverse the process with Homeward.

Homeward let's you buy your next home before you sell your existing one.

Here's a step by step journey for a typical Homeward customer.

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Buying your new home

Selling your existing home

Complete homeward application

Complete your application so we can get you approved to make a cash offer using our funds.

Apply now

Get pre-approved for a mortgage

It takes 3 minutes to get pre-approved for a mortgage using our partner, Better.

If you prefer to use your own lender you just need to ask for a pre-approval. To ensure it's accurate, ask them to review your financial documents and do a "hard credit pull" to check your credit.

Receive Homeward approval

Once approved, you'll be able to go shopping with our cash.

We'll give you an estimate of your home equity and a pre-approved purchase price so you know exactly how much you can spend on your new home.

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Find your next home

Work with your agent to narrow down your search, and then visit showings until you find the perfect home.

Need an agent? Call us at 512-956-5087 and we'll recommend one of our pre-screened partner agents.

Tell us about an offer

When you find a home you want to make an offer on, let us know.

We’ll look at the property and your offer price so we can ensure your offer is at or below our estimated resale value.

Once we’ve approved your offer, we’ll work with your agent so they can present the seller with a Homeward all-cash offer on your behalf.

Offer Accepted

After your offer is accepted by the seller, you'll sign a services agreement with Homeward and you'll need to pay the option fee (Texas only), the inspection cost, and make your earnest money deposit.

(Texas only) You pay the option fee to the seller so you can have the option to terminate the contract early based on what you find during the due diligence period.

You pay the inspection cost to a professional home inspector so they can look for problems and identify any repairs needed.

Your earnest money deposit is not a fee. It's a deposit, typically 1% of the purchase price, that's credited back when your home sale closes.

You'll also sign a contract to re-purchase the home from Homeward at this time.

Get your home ready to sell

Work with your real-estate agent to get your home ready to sell, and make any repairs needed.

Don't have a real-estate agent? Call us at 512-956-5087 and we'll recommend one of our pre-screened partner agents.

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Complete due-diligence

We'll work with you and your agent to ensure your inspection and appraisal are completed, and you can renegotiate with the seller if anything unexpected comes up.

Once due diligence is complete, you'll do the following sign a leaseback agreement with Homeward. This allows you to lease your new home from us at a market rental rate until you buy it back.

Close your purchase and move in!

By the day before closing, you'll send in a security deposit and your first month’s lease payment to Homeward.

On the day your home sale closes, you can move in or begin repairs, and your lease with Homeward begins.

Complete the mortgage process

Work with your mortgage lender to close the loan on your new home. This includes locking your interest rate and completing the underwriting process.

Once your old home is sold and you've gotten a mortgage, you’ll repurchase the property from Homeward.

Complete an inspection

During the due-diligence period on your new home, we'll have an inspector come out to your old home to check if any major repairs are needed.

If nothing major comes up during the inspection, great! If we find that repairs are needed, we'll determine if they'll have an impact on your home equity value and contact you to discuss next steps.

List your home

As soon as you've completed due diligence on the new home, we recommend listing your home on the market. This gives you the most time to show it to potential buyers, get the highest price, and minimize leaseback payments on the new home.

You can also wait to list until you've moved if you prefer to avoid the hassles that come with living in your home while showings occur.

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Sign a contract with the buyer

Well done, you've found a buyer and signed a purchase contract!

Remember that if you can negotiate an earlier close date with your buyer then you'll minimize the time you own both properties and reduce the leaseback payments you'll pay Homeward.

Buy the home back from us

Once your old home is sold and you've gotten a mortgage, you’ll pay us back for reserving the house for you. Now it's 100% yours!

At this point, your lease with Homeward will end, we'll refund your security deposit and any unused pro-rated leaseback payments.

Close the sale

Your buyer will need time to complete an appraisal, inspections, and possibly get a mortgage.

Once that's complete, you'll close the sale of your old home.

Congratulations!

Once your old home is sold and you've gotten a mortgage, you’ll pay us back for reserving the house for you. Now it's 100% yours!

At this point, your lease with Homeward will end, we'll refund your security deposit and any unused pro-rated leaseback payments.

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Homeward process completed

You made it! You've sold your old home, gotten your mortgage loan, and bought your new property back from us. Great work!

Now all you need to do is relax and enjoy your new home!

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