Why Choose a Swing Loan?
- Use Your Existing Home Equity
Put the equity you've built in your current home toward purchasing your next property. - Keep More of Your Savings Available
Using home equity for your next purchase may help reduce how much cash you need upfront. - Simply Your Financing
Explore a loan structure designed to help coordinate the purchase of your next home with the sale of your current one. - More Flexibility for Your Next Move
Whether you're relocating, downsizing, or looking for more space, a Swing Loan can give you additional time to manage both transactions.
Buying and selling a home at the same time can take some coordination. Here's how an AACU Swing Loan gives you more flexibility.
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Purchase your next home and have up to 12 months to sell your current property.
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Move directly into your next home without the added cost and coordination of moving twice.
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Use the equity in your current home to help finance your next purchase without relying entirely on your savings.
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Explore Swing Loan rates and repayment terms designed to help you manage the transition between homes.
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Take up to 12 months to sell your current home after purchasing your next one, giving you more flexibility with your timeline.
Meet Jordan. She's found her next home, but her current townhouse hasn't sold yet. Here's how a Swing Loan could help Jordan purchase the new property using the equity in her existing home.
Jordan owns a townhouse in Colorado Springs valued at $450,000, with an outstanding mortgage balance of $150,000. She's looking to purchase a new home for $600,000. Rather than waiting to sell his townhouse, Jordan explores a Swing Loan that uses both properties as collateral.
Illustrative example only. Swing Loan eligibility, collateral requirements, repayment terms, and approval depend on individual qualifications.
- New Home Purchase
Jordan secures a $600,000 mortgage to purchase her next home.
- Collateral Arrangement
Both the new home and the existing townhouse are used as collateral for this mortgage.
- Total Secured Debt
The combined collateral value is $1,050,000, with total secured debt of $750,000, including her new $600,000 mortgage and existing $150,000 mortgage balance.
- Buy Before Selling
Jordan can purchase her next home without waiting for her townhouse to sell.
- Potentially Better Terms
Using both properties as collateral may offer more favorable financing terms, depending on her qualifications.
- Time to Sell
Jordan has up to 12 months to sell her townhouse and complete the required loan repayment or collateral release process.
- Avoid a Temporary Move
Jordan may be able to move directly into her new home without needing temporary housing between purchases..
Wondering what your Colorado home is worth? Enter your address to get an estimated home value and better understand the equity you may have available.
Is a Swing Loan Right for You?
Buying your next home before selling your current one takes some planning. A Mortgage Loan Officer can help you review your home equity, understand the financing requirements, and see whether a Swing Loan makes sense for your situation.
- Understand Your Options: Explore how a Swing Loan could work with your current mortgage and next home purchase.
- Plan Your Timeline: Discuss the 12-month selling window and what happens when your current home sells.
Swing Loan - AACU Swing Loan FAQs
A Swing Loan functions as a bridge loan, using two properties as combined collateral so you can buy before selling. The terms differ by lender, but the core structure matches what's commonly called bridge financing elsewhere. Compare VA Loans if military benefits also apply to your purchase.
- Locations & ATMs
Find an AACU branch, shared branch location, or one of thousands of surcharge-free ATMs across the U.S. and Canada.
- Talk to a Mortgage Expert
Schedule an appointment with a Mortgage Loan Officer and they'll help you find the best options to get you in your new home!
- Mortgage Rates
Compare current mortgage rates, including home equity lines of credit (HELOCs), fixed-rate mortgages, and refinancing options.
- Explore Home Loan Options
Compare AACU home loans, including HELOCs, fixed-rate second mortgages, and purchase or refinance options.
Membership requirements apply. Restrictions and requirements apply. Program subject to change. Equal Housing Lender. Air Academy Federal Credit Union: NMLS #454287.