Updated January 2026

Can I Sell My House for Cash If I Have a Mortgage?

Last updated: February 2026

Homeowner reviewing mortgage paperwork at kitchen table

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 →

Related Questions

Can I sell if behind on mortgage? What if I owe more than it's worth? Selling to avoid foreclosure How do cash buyers work?

Get Your Cash Offer

Tell us about your property. We'll give you a real number within 24 hours.

By submitting, you agree to be contacted by FL Home Buyers. We respect your privacy.

📚 Related Articles

📰 Foreclosure Surge — What Sellers Should Know 📰 Payoff vs. Selling Costs Breakdown

Source: Florida Realtors®, ATTOM Data, Houzeo, Citizens Florida · Data as of February 2026

As of February 2026, the Florida statewide median home price is $415,000, down from a $450,000 peak in 2022 but still 40% higher than pre-COVID levels. Homes are spending 77–80 days on the market — significantly longer than the national median of 50 days. Single-family inventory stands at 5.1 months for single-family homes and 9+ months for condos, signaling a more balanced market with buyers gaining negotiating leverage.

📊 2026 Florida Market Data

FL Median Price $415,000
Cash Close Time 7–30 days
Mortgage Payoff Handled at title company during closing
No Commission 0% vs avg 5.59% average total (2.81% listing + 2.78% buyer agent)
No Repairs $0 vs avg

📚 Related Articles

📰 Foreclosure Surge — What Sellers Should Know 📰 Payoff vs. Selling Costs Breakdown

Source: Florida Realtors®, ATTOM Data, Houzeo, Citizens Florida · Data as of February 2026

As of February 2026, the Florida statewide median home price is $415,000, down from a $450,000 peak in 2022 but still 40% higher than pre-COVID levels. Homes are spending 77–80 days on the market — significantly longer than the national median of 50 days. Single-family inventory stands at 5.1 months for single-family homes and 9+ months for condos, signaling a more balanced market with buyers gaining negotiating leverage.

📊 2026 Florida Market Data

FL Median Price $415,000
Cash Close Time 7–30 days
Mortgage Payoff Handled at title company during closing
No Commission 0% vs avg 5.59% average total (2.81% listing + 2.78% buyer agent)
No Repairs $0 vs avg $15K–$40K
5K–$40K