The real estate fintech Linkhome Holdings Inc. (NASDAQ: LHAI) has rolled out its “Buy Before Sell” program, which is designed to help homeowners purchase their next property before selling their current home.
The program is offered through the company’s wholly owned subsidiary Linkhome Mortgage Inc., a California-licensed mortgage company. According to Linkhome, the program uses AI-driven credit decisioning and automated underwriting analysis to qualify homeowners, enabling them to access funds based on the equity in their existing property to purchase a new home before selling their current residence.
Homeowners can submit non-contingent offers without a home sale condition and will repay Linkhome upon the successful sale of the original home, the company added.
“By combining AI mortgage technology, licensed mortgage operations, fintech liquidity solutions, and real estate transaction infrastructure, Linkhome aims to create a seamless, data-driven move-up experience while reducing traditional timing friction in residential transactions,” said Linkhome in a press statement.
