In today’s competitive real estate market, many homeowners looking to upgrade or relocate face a familiar challenge: they need to sell their current home before they can qualify to buy the next one. Traditionally, this leads to tough decisions or losing out on their dream home due to financing constraints and delayed timelines.

That’s why Northeast Financial is proud to introduce the Guaranteed Back-Up Contract, a powerful new tool in our Cash Advantage suite—designed specifically to help conventional buyers break free from this frustrating cycle.

 What Is the Guaranteed Back-Up Contract?

The Guaranteed Back-Up Contract is a bona fide cash offer on your departing residence that allows you to exclude your current mortgage payment from your debt-to-income (DTI) ratio when qualifying for your next home.

This means:
You don’t need to sell your current home before buying your new one.

Provided you have enough funds for the down payment on the new property, this contract opens the door to purchase your next home without the stress of contingent offers or the limitations of your existing mortgage.

 Why This Matters in a Competitive Market

Most sellers today won’t accept offers with a Hubbard Clause, which is a provision that makes your offer contingent on the sale of your current home. While it protects buyers, it puts sellers in a tough spot—and many would rather take an offer that’s not tied to another transaction.

That’s where the Guaranteed Back-Up Contract becomes a game-changer.

By removing the need for a Hubbard Clause, buyers can present clean, non-contingent offers that rival cash buyers—increasing their odds of winning the deal on their next dream home.

 How It Works

Here’s how the Guaranteed Back-Up Contract operates:

• You receive a bona fide cash offer on your departing residence from our investor partners.
• This offer allows your current housing expense to be excluded from your DTI—meeting Fannie Mae and Freddie Mac guidelines for qualifying without needing to first sell.
• You then have 180 days to list and sell your current home on the open market.
• The service has a flat cost of $2,500, which is only paid upon the eventual sale of your home.
• If the home does not sell in 180 days, our investor will purchase it at the agreed-upon contract price.
• The investor’s fee comes out of your net proceeds—but there are no extra surprises or penalties.

Best of all, everything else is treated as a standard conventional purchase—with all the normal benefits and protections that come with it.

 Who Is This For?

This solution is ideal for move-up buyers who have strong equity in their current home but are being held back by DTI limits when applying for a new mortgage.

If you’ve been told:

“You need to sell your current home first,”

…then the Guaranteed Back-Up Contract could be exactly what you need to move forward today—without having to move out first.

 The Power of a Bona Fide Offer

Fannie Mae and Freddie Mac guidelines allow borrowers to exclude a departing residence from DTI calculations if they have a bona fide, non-contingent cash offer in hand. Our Guaranteed Back-Up Contract meets this requirement, making it a smart, guideline-compliant strategy to unlock your buying power immediately.

 The Entire Cash Advantage Suite

The Guaranteed Back-Up Contract is just one part of our Cash Advantage suite—a collection of innovative tools that help both first-time and repeat buyers compete like cash buyers in a crowded housing market.

Whether you’re upgrading, relocating, or just tired of missing out, the Cash Advantage suite gives you the leverage you need to win the home you want, when you want it.

 Let’s Talk About Your Options

Ready to stop waiting and start moving?
Reach out to Northeast Financial today to learn more about the Guaranteed Back-Up Contract and how it fits into your personalized home buying strategy.

We’ll walk you through every step, and help you get into your next home—with confidence, flexibility, and the power of cash.

Your dream home shouldn’t have to wait. Let’s make it happen—on your terms.

Contact us today.

• Phone: (844) 788-7237
• Email: info@northeast-mortgage.com
• NMLS#117273

*Buyer qualification requires full underwriting approval from a Northeast Cash Advantage approved Mortgage Lender.