What Flyhomes does

Flyhomes, Inc. is a Bellevue, Washington-based wholesale mortgage lending platform founded in 2015 by Tushar Garg and Ryan Dibble. The company operates a B2B2C distribution model in which it originates and structures Buy Before You Sell financial products—bridge loans branded as Flyhomes Cash Offer, Instant Equity loans that unlock home equity pre-sale, and Guaranteed Backup Contracts that reduce buyer debt-to-income ratios—and delivers them exclusively through a network of more than 30,000 independent loan officers and real estate agents across 44+ US states, with no in-house loan officers to avoid channel conflict. Underlying technology includes a "Flyhomes AI" generative chatbot for consumer inquiries and a wholesale lending workflow platform; the company's former proprietary AI-powered home search portal was divested to The Real Brokerage in July 2025.

Revenue is generated transactionally: loan origination fees of 0-2.5% of loan amount via Flyhomes Mortgage, LLC; bridge loan interest income during the loan period; and, until the October 2025 exit of its real estate brokerage business, real estate commissions of 0-6% via multiple state-level brokerage subsidiaries. Cumulative funded loan volume stands at $2.2B and cumulative real estate transaction volume at $6.7B+ across 6,800+ closed buyers and sellers since founding. The company has raised approximately $190M in venture capital, including a $150M Series C (June 2021, co-led by Battery Ventures and Norwest) and a $15M Series D (July 2025), with The Real Brokerage also holding an equity stake following the July 2025 technology transaction.

Following the strategic pivot to wholesale-only operations, Flyhomes' investment thesis centers on capturing share of US residential mortgage origination by embedding bridge-loan and cash-offer capabilities into loan officer workflows nationwide, leveraging $190M of cumulative capital, multi-state mortgage licensing, and a now-streamlined product suite. The model depends on continued US housing market activity and partner adoption rather than direct consumer brand demand.

Name

Flyhomes

Legal name

Flyhomes, Inc.

Website

https://flyhomes.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

Flyhomes is a Bellevue-based wholesale mortgage lender that distributes Buy Before You Sell bridge loans, cash offers, and equity products through 30,000+ independent loan officers and real estate agents across 44+ US states, having exited consumer brokerage in 2025 to focus on mortgage.

Ownership category

akta.pro rank

Headquarters

HQ city

Bellevue

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Supply Chain

Revenue model

1. Loan Origination Fees: Flyhomes Mortgage, LLC charges loan origination fees ranging from 0% to 2.5% of the loan amount for bridge loans and mortgages facilitated through the platform.
2. Real Estate Brokerage Commissions: Flyhomes Brokerage, LLC earns 0% to 6% of the sale price of listed properties, paid by the seller from escrow funds upon close of transaction. Typically half of the listing commission is paid to the buyer's agent.
3. Bridge Loan Interest: Short-term bridge loan financing generates interest income during the loan period while homeowners wait to sell their existing home.
4. Buy Before You Sell Program Fees: Fees for Guaranteed Backup Contract and other Buy Before You Sell financial solutions provided through the wholesale partner channel.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Flyhomes is a wholesale mortgage lending platform that provides "Buy Before You Sell" financial solutions through a network of 30,000+ independent loan officers and real estate agents. Its offerings include bridge loans (Flyhomes Cash Offer), Instant Equity loans, and Guaranteed Backup Contracts that enable homeowners to purchase a new home before selling their current one. The company operates as a licensed mortgage broker (Flyhomes Mortgage, LLC) across 44+ US states and exited its consumer brokerage business in October 2025 to focus exclusively on wholesale mortgage products.

Product overview

Flyhomes is a wholesale lending platform offering Buy Before You Sell financial solutions to homeowners. The core offering consists of four interconnected mortgage products: Buy Before You Sell with Flyhomes Cash Offer (bridge loans enabling cash-like offers), Buy Before You Sell with Instant Equity (home equity unlocking), Buy Before You Sell with Guaranteed Backup Contract (debt-to-income ratio optimization), and Flyhomes Cash Offer for buy-side only transactions. These products are distributed through a network of 30,000+ independent loan officers and real estate agents, with Flyhomes operating as a wholesale partner rather than a direct-to-consumer lender. The company exited its consumer-facing real estate brokerage and home search business in 2025, selling its AI-powered portal technology to The Real Brokerage, and now focuses exclusively on mortgage lending products. Key statistics include $2.2B in total volume of funded loans and $6.7B+ in total real estate transaction volume.

Differentiator

Problem solved

Functional benefit

Products and services

• Buy Before You Sell with Flyhomes Cash Offer Bridge loan product that enables homebuyers to make cash-like, non-contingent offers and move with as little as $0 out of pocket. Distributed through partner loan officers and agents to qualifying buyers.
• Buy Before You Sell with Instant Equity Allows homeowners to unlock equity from their current home to fund a down payment on the next home before selling. No monthly payments are due until the departing home is sold.
• Buy Before You Sell with Guaranteed Backup Contract Provides a backup offer on the buyer's departing residence, allowing the existing mortgage debt to be excluded from the debt-to-income ratio, improving qualification for the new mortgage.
• Flyhomes Cash Offer (buy-side only) Standalone cash-like offer program for buyers without a current home to sell, enabling fast-close, non-contingent offers in competitive markets. Distributed through loan officers and agents.
• Flyhomes Mortgage Wholesale lending platform offering mortgage origination and bridge loan products to loan officers and real estate agents. Operates as a licensed mortgage broker (Flyhomes Mortgage, LLC, NMLS #1733272) in 44+ US states.

Quantifiable outcome

• Reduce DTI by excluding departing home mortgage from qualification calculation
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• The Real BrokeragecoreOEM/ Whitelabel/ Licensing Partner · 1 July 2025The Real Brokerage acquired Flyhomes' consumer home search technology and made an equity investment in Flyhomes to support its growth into a wholesale mortgage lender. This strategic transaction allows Real to integrate Flyhomes' AI-powered platform into its services while Flyhomes focuses on its mortgage business.
• 30,000+ Loan OfficerscoreChannel Partner/ Reseller/ DistributorIndependent loan officers partner with Flyhomes to offer Buy Before You Sell products to their clients. Flyhomes has no in-house loan officers, so clients stay with the partnering loan officer. No prepayment or early payoff penalties on programs.
• Real Estate AgentscoreChannel Partner/ Reseller/ DistributorReal estate agents partner with Flyhomes to offer Buy Before You Sell solutions to buyers and sellers, empowering buyers with competitive offers and winning more listings.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Orchard: Orchard offers move-first, buy-before-you-sell solutions with bridge financing, originally positioned as a brokerage but increasingly focused on mortgage/lending products. Comparable business model and customer base to Flyhomes.
• Knock: Knock is the most direct competitor to Flyhomes, offering a buy-before-you-sell home trade-in product with bridge financing, sold to real estate agents and loan officers nationwide. Both companies target the same customer pain point (concurrent buy/sell) with structurally similar bridge loan products.
• Homeward: Homeward provides buy-before-you-sell solutions including cash offers and bridge financing for homebuyers, partnering with real estate agents in select US markets. Directly comparable to Flyhomes' BBYS Cash Offer and Instant Equity products.
• Ribbon (acquired by Loanpal): Ribbon offers cash offer and bridge loan products for homebuyers before selling their current home. Operates in the same BBYS niche as Flyhomes with similar bridge-financing mechanics and agent/LO partnerships.

Broad incumbents

• Rocket Mortgage: Rocket Mortgage is the largest US mortgage originator with massive scale in retail, wholesale, and direct-to-consumer channels. As a broad incumbent, it could launch competing BBYS products and represents the dominant wholesale channel competitor for loan officers.
• Opendoor: Opendoor is a leading iBuyer that allows instant cash offers on homes, conceptually adjacent to Flyhomes' Cash Offer product. While focused on direct home purchases rather than bridge financing, both companies use balance-sheet capital to provide liquidity to home sellers.
• Compass: Compass is a large US real estate brokerage that has invested heavily in technology and mortgage services. As a broad incumbent, it offers competing capabilities to Flyhomes' former brokerage business and competes for the same agent and homebuyer relationships.
• The Real Brokerage: The Real Brokerage acquired Flyhomes' consumer home-search tech in July 2025 and made an equity investment, becoming both a strategic partner and partial owner. Comparable as a tech-enabled real estate brokerage with growing agent network (~30,000 agents) overlapping with Flyhomes' customer base.
• Better.com: Better.com is a large digital mortgage lender offering cash-out refinance, HELOC, and home purchase loans. While not focused on BBYS, it competes for the same homebuyer and loan-officer channels and represents a much larger incumbent in mortgage origination.

Emerging players

• HomeLight: HomeLight is a real estate technology platform that connects buyers/sellers with agents and offers cash offer products (HomeLight Cash Offer) for competitive purchase situations. Operates adjacent to Flyhomes with partial overlap in cash-offer functionality and agent network effects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/realflyhomes
• Facebookfacebook.com/realflyhomes
• LinkedInlinkedin.com/company/flyhomes
• Instagraminstagram.com/realflyhomes

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries7 records

Funding overview

Funding rounds7 records

Investors15 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Flyhomes