Knock Brings Innovative Home Lending Solutions to Seattle; adds jumbo loans to its product offering
“With buyers vying for record numbers of homes available for sale and prices continuing to accelerate, it’s more important than ever to position yourself to win,” said Knock’s co-founder and CEO. Sean Black. “Our innovative home loan solutions make all buyers competitive with cash buyers and eliminate common problems such as timing a sale with a purchase and completing repairs and viewings that make it more difficult than necessary to buying and selling a home. Now, with the addition of jumbo loans, we can help more people achieve their homeownership goals.”
For buyers who have a home for sale, the Knock Home Swap1 provides 100% of the money needed to purchase a new home before listing the old home. This includes a competitively priced mortgage and an interest-free loan, which covers the down payment on the new home, home preparation and up to six months of mortgage payments on the old home. Home Swap customers can sell the old home on the open market for the maximum sale price after moving into their new home, avoiding the hassle of living through repairs or viewings. Knock also offers a 30-day closure guarantee.,2, Home Prep Concierge and offer backup on the old home in the unlikely event that it doesn’t sell within six months. Over 98% of Knock homes sell in 90 days or less, with 90% selling in 30 days or less.
Hit GO™1.3 allows first-time home buyers and those without a home to sell to make a competitive offer with cash. In addition to a competitively priced conventional mortgage, Knock GO™ offers a closing guarantee at no additional cost, giving buyers and their agents the opportunity to make an offer that will stand out from other offers.
Eligible buyers can use the Knock Home Swap and Knock GO™ for home loans of up to $3 million. Addition of jumbo loans expands limit of eligible Knock home exchange listings to $2 million in Seattle and Southern California and until $1 million in other markets, Knock operates nationwide.
To bring Home Swap and Knock GO™ to SeattleKnock partners with International professional real estate services; Olympic Keller Williams; International professional real estate services; Olympic Keller Williams; Infinite Real Estate; Velocity Real Estate Inc | Keller Williams Downtown Seattle; Vicinage Real Estate – KW Downtown Seattle; The Warmack Group – Keller Williams Realty Greater Seattle and 21st century North houses.
Nationally, Knock Home Swap and Knock GO™ are available from 300 real estate brokerage firms with 117,000 agents in approximately 5,900 zip codes nationwide. Homebuyers can also learn more and see if they qualify for the Knock Home Swap or Knock GO™ at struck.com.
1Mortgages offered by Knock Lending LLC. NMLS 1958445. Equal Housing Lender. For licensing information, go to: www.nmlsconsumeraccess.org.
2Terms and conditions of application. To see https://knock.com/closing-guarantee for more information on the Knock Closure Guarantee.
3Terms and conditions of application. To see knock.com/offer-warranty/terms for more information on the Knock GO™ (guaranteed offer).
Knock is rewriting the rules of homeownership by making all homebuyers Power Buyers. Knock’s flagship Home Swap™ gives consumers a non-contingent offer to buy the home they want before selling the home they have, providing the certainty that you’ve found your dream home and the convenience of not not have to undergo repairs or visits. Knock GO™ (Secured Offer) is a cash home loan solution for first-time home buyers looking to compete in today’s hot housing market.
Launched in 2015 by the founding team members of Trulia.com, Knock currently operates in 75 markets nationwide. knock raised $900 million in the form of debt and equity from leading investors, including Foundry Group, Greycroft, First American Financial and The National Association of Realtors®, giving NAR’s 1.5 million members the ability to bring the solutions to market. Knock’s home ownership with their clients. For more information visit: knock.com.
Contact: [email protected]