At Planet Home Lending, we’re framing the future of homebuying, making buying and selling easier than ever with Purchase EDGE and Purchase EDGE Guarantee!
Here’s how it works:
No more worrying about when to list your house for sale, how to sell your house fast, or the cost to sell your home. No paying for short-term rentals. Just an easy move from your existing home to your new home. Only with Purchase EDGE. Only from Planet Home Lending.
Give Yourself the Purchase EDGE
To be eligible for Purchase EDGE, you must own your existing home and have at least 20% equity and be able to qualify for a mortgage for your new-build home. For more information, talk to your Planet mortgage professional — to be there for you, we’ll think bigger, work smarter, and try harder.
Call Planet. Your builder doesn’t have to already be working with Planet for you to take advantage of Purchase EDGE and buy with no contingency.
No problem! We wait until you and your builder have final confirmation of the closing date and then purchase your existing home up to 7 business days before you close. Then you have 30 calendar days from the purchase date to stay in your home to make your move stress-free.
Yes, Planet offers Purchase EDGE to borrowers financing their new-build purchase with Planet, but the use of Purchase EDGE is optional. We’re excited to help you finance your new home. Fortunately, we offer a wide array of home loan options and have experience working with buyers and builders across the country.
Typically, the total costs associated with Purchase EDGE include a program fee, real estate agent fees, an annualized carrying cost (or actual carrying costs, whichever is less), and any applicable transfer taxes. Fees are based on a percentage of the existing home’s sale price. Talk with your Planet mortgage professional today to learn more.
Search for your dream home with confidence with Purchase EDGE Guarantee. Then make a contingency-free offer on your new home with a buyer in your back pocket for your existing home. Only from Planet Home Lending!
Here’s how it works:
There’s no need to wait to sell your existing home before you buy. No more homebuying or selling stress. No need to settle for a less-than-perfect new home. Give yourself peace of mind.
To be eligible for Purchase EDGE Guarantee, you must:
For full eligibility details, talk to your Planet mortgage professional — call us with questions anytime.
No, obtaining your new purchase mortgage loan with Planet is not required, but Planet is here for your home mortgage needs.
Typically, the total costs for Purchase EDGE Guarantee vary depending on if you are able to sell your home, or we step in as the buyer. If you sell your home, the costs associated include program fees. If Planet purchases your home, there are no additional fees, and we’ll take care of the rest. Talk with your Planet mortgage professional today to learn more.
The Purchase EDGE and Purchase EDGE Guarantee programs provide options to guarantee the purchase of the consumer’s existing home by Planet Management Group (“PMG”), which is a subsidiary of Planet Home Lending, LLC (“Planet”). Purchase EDGE and Purchase EDGE Guarantee both require the consumer to enter into the Purchase EDGE or Purchase EDGE Guarantee Program Agreement, which provides full details as to the program costs and each party’s responsibilities. Additional terms and conditions may apply.
The Closing Date triggering purchase under the Purchase EDGE or Purchase EDGE Guarantee Program Agreement must be 30 business days or later from the date of the fully executed Purchase EDGE or Purchase EDGE Guarantee Program Agreement for the identified property. This program is not an offer or an inducement by Planet to enter into an agreement to make a loan, nor a guarantee or lock of a specific interest rate or number of discount points.
Planet’s Purchase EDGE and Purchase EDGE Guarantee are not available in AK, HI, MA, NH, NY, and VT.