Knock is a technology company creating innovative home loan products, like the Knock Home Swap™, to enable people to easily buy their new home before selling their existing one on the open market with their preferred real estate agent. We are not an iBuyer, or home flipper, and we do not purchase your house from you. We work with your agent or pair you with a local agent to sell your current home on the open market so it sells fast and for the best price. Since 2015, our mission has been to empower people to move freely by bringing convenience, certainty, and cost savings to home buying and selling, and we’re excited to be partnering with agents across the country to offer the Knock Home Swap.

The Knock Home Swap™ empowers you to buy your new home prior to selling your old house on the market for maximum value. Here’s how it works: We’ll get you fully underwritten for a new home loan with Knock including a down payment advance so you can start making offers fast. Put down a winning offer on your dream home with no sales contingency, and move in right away. You’ll pay your new mortgage while we cover the old one. We’ll advance up to $25,000 to get your old house ready for listing on the open market so it sells fast and for top dollar. When your house sells, you simply pay Knock back for the loan provided. It’s that simple!

In addition to the conventional loan on your new home, Knock qualifies you for and provides a bridge-like loan, that we call the Knock Equity Advance, to you. This equity advance is an interest-free loan that allows you to access the equity in your existing house now, before you sell, so you can buy your new home.

With the Home Swap, you only pay one mortgage at a time. You’ll pay the mortgage on your new home, immediately building equity, while Knock covers the monthly mortgage payments on your old house.

For all of the convenience and certainty offered with the Home Swap, Knock charges a 1.25% convenience fee on the purchase of your new home. You can either pay this at closing or roll this into your equity advance. This convenience fee is similar to an origination fee, which many lenders charge. This is just Knock’s fee for the loan and is not inclusive of real estate commissions charged by your agent, or closing costs.

Knock offers competitive rates on our loan products. Rates may vary based on qualifications. For a custom quote, please complete our online application at knock.com!

Yes absolutely! As long as the builder is funding the cost of construction prior to the final closing (most large builders do this). There are some specific details unique to new construction deals depending on time to build (related to pre-approval requirements and rate locks) that you’ll want to review with your Knock Mortgage Loan Advisor once we’ve received your application.

Absolutely! As long as the home will be used as the primary residence, the Home Swap can be used to buy and sell condos, townhomes and single family homes.

Most homes will qualify for the Home Swap. Some things that would impede a home from qualifying would be if it’s in a 55+ community, significant water damage or foundation damage, a lack of recent similar sales data nearby, unpermitted additions, or if a home is a distressed sale or bank owned.

Home Prep covers cosmetic improvements that your agent might suggest to help you net top dollar when you sell your old house. Knock onboards your contractors directly, and pays them after you’ve signed off on the completion of the work.

Yes! We want you to feel comfortable with the people doing the work. We only require that they be licensed, insured, provide a signed W-9, and sign our vendor agreement.

With the Home Swap, you’ll list your existing house on the market after you’ve purchased and moved into your new home. The goal is for you to sell your listing on the market for max value with your agent. That said, on the off chance your listing doesn’t sell on the market, you’ll have the option to take an offer from Knock that we provide you up front.