Updated January 2026
Can I Sell My House for Cash If I Have a Mortgage?
Quick Answer
Yes, you can. Your mortgage is paid off at closing from the sale proceeds. You receive whatever is left after the mortgage payoff.
How It Works
1
Get a cash offer - We offer based on property value, not your
mortgage balance
2
Title company orders payoff - They get the exact payoff amount
from your lender
3
At closing, mortgage is paid - Title company wires payoff to your
lender
4
You receive the difference - Net proceeds go to you
Example Calculation
- Cash offer: $280,000
- Mortgage balance: -$195,000
- Closing costs (we pay): $0
- Your net proceeds: $85,000
What If I Owe More Than It's Worth?
If you're "underwater" (owe more than the house is worth), you have options:
- Short sale - We negotiate with your lender to accept less than owed
- Bring cash to close - Pay the difference yourself
- Deficiency negotiation - Work with lender to waive remaining balance
We've helped many homeowners in this situation. Learn more about selling when facing foreclosure.
Find Out Your Net Proceeds
Get a cash offer and see exactly what you'd walk away with after mortgage payoff.
Get My Cash Offer →