Loan programs · Cross-Collateral
Cross-Collateral Loans
Buy your next home without selling the one you have. Use the equity in a home you already own to help secure the purchase, then keep it or sell it on your timeline.
Takes about 2 minutes. A quick inquiry, not a loan application.
Who it's for
Often a fit when you'd rather keep the home you have.
A cross-collateral loan is a mortgage secured by two properties: the home you’re buying and a home you already own. Your existing equity does part of the work a cash down payment would.
Future landlords
You’d like to keep your current home as a rental instead of selling it.
Buyers who want time to decide
Buy the next home now and decide later whether to sell the one you have.
Owners with strong equity
Your current home has substantial equity, and you’d rather not drain your savings for the down payment.
The details
How cross-collateral loans work
A cross-collateral loan places one mortgage on two properties: the home you’re buying and a home you already own. Because both homes secure the loan, the equity in your current home can reduce how much cash you bring to closing.
Unlike a bridge loan, this is long-term financing, so you qualify based on your income and the full monthly payment. You can keep the pledged home as a rental or second home, or sell it later and release it from the loan, which may require paying the balance down. Because both homes secure the loan, it’s a real commitment, so we’ll compare it with a bridge loan, a HELOC and other options and tell you which one fits.
Why borrowers choose cross-collateral
- Buy without listing or selling first
- Keep your current home as a rental or second home
- Bring less cash to the closing table
- Long-term financing, not a short-term bridge
How it works
One conversation. Many lenders. Your choice.
As a broker, we don’t have one loan to sell you. We compare programs across lenders and walk you through the trade-offs in plain language.
Tell us your goal
A short inquiry: what you want to do, and how to reach you.
We review your options
A licensed loan officer looks at programs across our lender network.
You choose
Compare the trade-offs side by side. No pressure to move forward.
We guide you to closing
Application, processing and underwriting, with one team keeping you updated.
What is a cross-collateral loan?
A mortgage secured by more than one property. Here, that’s the home you’re buying plus a home you already own.
How is it different from a bridge loan?
A bridge loan is short term and is paid off when your current home sells. A cross-collateral loan is long-term financing, and you don’t have to sell your current home at all.
Can I sell the pledged home later?
In most cases, yes. Releasing it from the loan needs lender approval and may require paying down part of the balance. We’ll explain the release terms before you commit.
Does my current home need to be paid off?
Not always, but it works best with substantial equity. If your current home still has a mortgage, it’s often paid off as part of the new loan. We’ll review your numbers with you.
Do I still need a down payment?
Usually some cash is still required, and reserve requirements apply. The equity in your current home can reduce how much you bring to closing.
What are the risks?
Both homes secure the loan, so if it isn’t repaid, either property could be at risk. That’s why we walk through the full picture before you decide.
Is it available everywhere?
It depends on where both homes are located. Some states, including Virginia, restrict which property can be pledged. We’ll confirm eligibility before you apply.
Compare programs
Explore other loan programs
Program availability, eligibility and guidelines vary by lender and may change without notice. All loans are subject to credit approval, underwriting guidelines and property eligibility. This is not a commitment to lend.
See what's possible for your next move.
Two minutes to tell us your goal. A licensed loan officer follows up personally.