How Does it Work?
Get approved.
Homeward will approve you for a specific amount so that you can start shopping & be ready to make an offer as soon as the house you want comes on the market.
Make An All-Cash Offer.
Homeward makes a cash offer on your behalf. The contract will include a 5 day option period, during which time Homeward will have the new home appraised in preparation for your purchase. You will be able to close in just 2 weeks!
Win the home.
After the seller accepts your offer, you'll have a few tasks to complete like paying the earnest money deposit, scheduling an inspection, and starting the process for the mortgage (which will be completed after you sell your home.)
Move into your new home.
You can move into your new home in as little as 2 weeks! You can rent from Homeward while your final loan & purchase are finalized.
Finalize Your Purchase.
Completing your final purchase & mortgage will take a few weeks (and is basically the same as a conventional mortgage.)
What Does It Cost?
Convenience Fee
Often rolled into mortgage
Homeward's standard convenience fee is 1.9%. However, if you use their preferred lender, that is reduced to 0%. There is literally no cost!
Rent
Deferred until closing
Homeward prorates your rent by the day, so you only pay for the time that you need. Finalizing the loan usually takes a few weeks.
Ready to Get Started?
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