Lenders, close more deals faster.
We free up clients to buy before they sell.
Differentiate yourself
Offer your clients cash flow along with more certainty, convenience, and competitiveness.
Offer your clients cash flow along with more certainty, convenience, and competitiveness.
Benefits for Lenders
Close valuable clients stuck in the process
Exclude departing property from DTI calculation
Win more offers with no home sale contingency
Close faster
Generate business from agents on both sides of the deal
No fees to lenders
Benefits for your Clients
Win and close faster on their new home
Up to $1M bridge loan with a fair, fixed fee to Knock
Pay one mortgage payment at a time
Skip double moves, showings and living through repairs
Maximize return on old home with funds to prepare it for sale
How does it work?
From application to close, without a contingency in the way
- Your client applies for a Knock Bridge Loan, sized to the equity in their current home.
- They sign a non-contingent contract to secure their new home.
- They remove their sale contingency with a purchase offer from a Knock affiliate¹ for a 2.25% fee.
- No interest is charged on the bridge loan while their current home sells, as long as it's repaid by the due date.²
- Their agent lists the current home for top dollar, and your client stays with you for their new purchase loan.
- If their current home hasn't sold in 6 months, Knock buys it at an agreed price. Either way, you keep the loan and close on schedule.
¹ The Knock Purchase Offer is provided by our affiliate, Knock Property 1, LLC. Knock Property 1, LLC charges a contract fee based on the home's listing price. The fee is the same whether the seller pays cash for their next home, finances through any lender, or is not buying another home at all. The seller may cancel the KPO contract at any time before closing; cancellation releases the seller from the obligation to sell to Knock Property 1, LLC but does not refund the contract fee.
² No interest accrues on the Knock Bridge Loan™ if the loan is repaid in full by its due date. The loan due date and any fees or interest that may apply if it is not repaid when due vary by state and are set out in the loan documents. Loan amounts up to $1,000,000 are subject to eligibility, equity in the departing residence, and underwriting approval. All loans subject to credit approval.
We build better bridges
What’s the catch?
None! We are different from the industry norm. The purchase guarantee “untethers” clients from their current home, but our goal is to help them get the highest price for it.
About the Knock Bridge Loan
We have earned a reputation of trust and reliability in the industry.
4.8
5/5
Excellent
Ready to take the next step?
Our team can quickly let you know if your client is eligible for a Knock Bridge Loan.
Get started