Flyhomes exits brokerage business to focus on buy before you sell

"This move completes our shift and focus to wholesale lending and lets us scale Buy Before You Sell through the professionals homebuyers already trust, said Tushar Garg, co-founder and CEO of Flyhomes. The company's buy-before-you-sell product allows borrowers to exclude their current mortgage payment from debt-to-income ratios, tap home equity for a new down payment and make cash-equivalent, noncontingent offers with as little as 5% down. After moving, they can sell their old home on a normal timeline to seek full market value."

"Nearly two years ago we eliminated our direct-to-consumer mortgage business to avoid channel conflicts with our loan officer partners, said Adam Hopson, chief operating officer of Flyhomes. Today we're doing the same on the brokerage side. Active brokerage clients will transition with their agents to The Real Brokerage, although Flyhomes is not disclosing its headcount numbers. Going forward, Flyhomes said it will work with third-party real estate agents."

"Since its founding in 2016, Flyhomes has facilitated $7 billion in buy-before-you-sell products and cash offers across 36 states. In 2024, the company launched a wholesale platform that now partners with 30,000 loan officers. A month later, Flyhomes closed a $15 million Series D funding round with existing backers, including Andreessen Horowitz, Norwest Venture Partners and Canvas Partners. It also secured a $200 million warehouse line to support more than $1 billion in annual originations."

Flyhomes completed a strategic shift to focus exclusively on wholesale lending and scaling its Buy Before You Sell product through real estate professionals. The buy-before-you-sell program lets borrowers exclude current mortgage payments from debt-to-income ratios, tap home equity for a new down payment and make cash-equivalent, noncontingent offers with as little as 5% down, then sell their old home on a normal timeline. The company exited its direct-to-consumer mortgage business and is exiting brokerage operations, transitioning active brokerage clients to The Real Brokerage and partnering with third-party agents. Flyhomes has facilitated $7 billion in transactions, launched a wholesale platform with 30,000 loan officers, raised Series D funding and secured a $200 million warehouse line.

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