About
Knock Home Swap is a real estate financial solution designed for homeowners who need to buy a new home while still owning their current one. At the core of its offering is the Knock Bridge Loan™, which taps into the equity tied up in a seller's existing property to fund the down payment, cover moving costs, and handle any necessary repairs on the new home—all before the old home sells. By removing the contingency to sell the prior home, buyers can make stronger, more competitive offers in the housing market. Additionally, Knock removes the existing mortgage from the buyer's new mortgage calculation, increasing purchasing power and improving loan eligibility. This creates a cleaner, less stressful transition between homes. Knock partners directly with mortgage lenders and real estate agents so that the product integrates seamlessly into existing home-buying workflows. The platform is built around trust and reliability, boasting a 4.8/5 rating on Trustpilot and serving markets across multiple U.S. states. Knock is ideal for move-up buyers, downsizers, or anyone navigating the complex timing challenge of selling one home and purchasing another. Their team brings deep real estate industry expertise and a mission focused on giving homeowners more certainty, convenience, and competitiveness throughout the home transition process.
Key Features
- Knock Bridge Loan™: Access the equity in your current home to fund your next home purchase before your existing property sells.
- No Contingency Offers: Make competitive offers on your next home without a contingency to sell your prior home, strengthening your position in competitive markets.
- Increased Buying Power: Knock removes your existing mortgage from the new mortgage calculation, improving eligibility and expanding what you can afford.
- Cover Move-In Costs: Use bridge loan funds to cover down payments, moving expenses, and pre-sale home repairs—reducing out-of-pocket stress.
- Lender & Agent Integration: Knock works directly with your existing lender and real estate agent, fitting seamlessly into the traditional home-buying process.
Use Cases
- A move-up buyer wants to purchase a larger home without waiting for their current home to sell first, using the Knock Bridge Loan™ to fund the down payment.
- A homeowner in a competitive market needs to make a contingency-free offer to compete with other buyers and uses Knock to remove the sale contingency.
- A downsizing retiree wants to buy their next home and move in comfortably before listing their current property, reducing the stress of a rushed sale.
- A relocating professional needs to quickly secure a new home in a new city without the financial risk of carrying two mortgages simultaneously.
- A homeowner uses Knock bridge funds to make repairs and improvements to their existing home before listing it, maximizing the final sale price.
Pros
- Eliminates Timing Risk: Buyers no longer have to time the sale of their old home perfectly with the purchase of a new one, reducing stress and financial risk.
- More Competitive Offers: Removing the sale contingency makes buyers significantly more attractive to sellers in competitive real estate markets.
- Trusted & Highly Rated: Knock holds a 4.8/5 rating on Trustpilot and has built a strong reputation for reliability among lenders and agents.
- Works With Existing Professionals: Homebuyers don't need to switch agents or lenders—Knock integrates with their existing real estate team.
Cons
- Limited Market Availability: Knock operates in select U.S. markets only, limiting access for homebuyers in states where it is not yet licensed.
- Additional Loan Costs: As a bridge loan product, there are fees and interest costs involved that add to the overall expense of the home transition.
- Eligibility Requirements: Qualification depends on income, credit, home value, and other underwriting factors, meaning not all applicants will be approved.
Frequently Asked Questions
What is the Knock Bridge Loan™?
The Knock Bridge Loan™ is a financial product that allows homeowners to access the equity in their current home to purchase a new one before selling. It covers costs like the down payment, moving expenses, and repairs without requiring a home sale contingency.
Do I need to use a specific agent or lender to use Knock?
No. Knock partners with a wide range of lenders and real estate agents, so you can typically continue working with your existing professionals. Knock integrates into their workflow rather than replacing them.
How does Knock make my offer more competitive?
By providing bridge financing, Knock removes the need for a home sale contingency in your offer. This makes you a more attractive buyer to sellers, especially in competitive markets where contingency-free offers are preferred.
What states does Knock operate in?
Knock operates in multiple U.S. states. You can check their website at knock.com or contact them directly at (866) 996-1695 to confirm availability in your area.
Is Knock a lender?
Knock Lending LLC (NMLS #1958445) is a licensed mortgage lender and a wholly owned subsidiary of Knockaway, Inc. They are an equal housing lender, and eligibility is subject to standard mortgage underwriting requirements.
