HomeLight, the real estate technology platform revolutionizing home transactions, has secured $20 million in new funding to accelerate the expansion of its innovative Buy Before You Sell program to empower homebuyers to unlock equity with the help of top loan officers.
The funding, part of a Series D extension, was led by Zeev Ventures, with participation from Stereo Capital, Menlo Ventures, and others. This strategic investment will support the program’s reach to 40 new states, bringing its total coverage to 47 states.
Founded in 2012, HomeLight is at the forefront of integrating technology into the real estate industry. The company’s mission is to simplify real estate transactions, making them more certain and satisfying for everyone involved. With billions of dollars in transactions facilitated annually, HomeLight is a trusted partner for top agents and loan officers nationwide.
“We are deeply focused on building the tools and technology that solve the hardest problems lenders face today in closing transactions,” said Drew Uher, Founder and CEO of HomeLight.
HomeLight Unlocking Equity for Homebuyers
The Buy Before You Sell program addresses a critical challenge for homebuyers—unlocking equity from their existing homes to purchase a new one. Using advanced AI technology, the program allows homeowners to access up to 70 percent of their home’s equity, enabling them to make non-contingent offers on new properties.
This capability transforms the real estate market, allowing buyers to avoid the stressful process of selling one home before buying another.
“The contingent nature of homebuying for most buyers is a big factor keeping more people from being active in the market,” said Phil Shoemaker, CEO of The Loan Store, a flagship Buy Before You Sell partner.
“The lack of control can be a major turnoff for contingent buyers, knowing they can only afford a new home if they sell their current home first and understanding that the timeframe for selling is completely reliant on other buyers. Empowering homeowners to buy a new home with the certainty that comes from Buy Before You Sell is immensely valuable.”
Rapid Adoption and Expansion
Since its launch, Buy Before You Sell has gained significant traction among loan officers and real estate agents. HomeLight has partnered with over 10,000 loan officers and 28,000 real estate agents, unlocking over $655 million in equity for homebuyers. The program’s success is reflected in its rapid expansion, now available in nearly every state.
Lisa Shapiro, Senior Mortgage Advisor at NEO Home Loans, said, “With Buy Before You Sell, we enabled my buyer to submit a non-contingent offer, access equity for the down payment, and move seamlessly into their new home—no rent payments, no extra moves.”
HomeLight’s platform also empowers agents and lenders by allowing them to invite their preferred partners to use the Buy Before You Sell program. This collaboration ensures clients receive a streamlined, efficient experience, increasing the likelihood of successful transactions.
For agents and lenders interested in leveraging this powerful tool, HomeLight provides dedicated resources to get started.
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