Can I Sell My Home in Lafayette If I Still Have a Mortgage? [Expert Insight by Levi Group]

Can I sell my home in Lafayette if I still have a mortgage?

Yes, you can absolutely sell your home in Lafayette, Colorado even if you still have a mortgage. In fact, most homeowners do. The key is knowing your loan payoff amount and working with your title company and buyer’s lender to ensure a smooth closing. With expert guidance from The Levi Group Brokered by Real, it’s a straightforward process.

How Selling a Mortgaged Home in Lafayette Works

Selling a home with a mortgage is normal. As part of your closing process, your mortgage will be paid off directly from the proceeds of the sale. If your home sells for more than you owe, you keep the equity. If it sells for less, you may need to bring cash to cover the difference, though this is rare in Lafayette's appreciating market.

Here’s a basic breakdown of what to expect:

1. Find Out Your Payoff Amount

Before you list, request a loan payoff statement from your mortgage lender. This tells you exactly how much you owe on your home, including interest accrued to a specific date.

2. Estimate Your Net Proceeds

Work with a local agent or use an online net sheet calculator to estimate how much you’ll walk away with after commissions, closing costs, and mortgage payoff.

3. List and Sell the Home

Once your home goes under contract, your title company will coordinate with your lender to pay off the mortgage at closing. You don’t need to do this yourself—it’s handled during the transaction.

What If You Have Multiple Mortgages or a HELOC?

Many Lafayette homeowners have a second mortgage or home equity line of credit (HELOC). You can still sell, but both loans will need to be paid off at closing. Make sure to:

• Notify both lenders

• Get separate payoff statements

• Inform your real estate agent

Your title company will ensure all liens are cleared before the buyer takes ownership.

What If You Owe More Than Your Home Is Worth?

If your mortgage balance is higher than your home's market value, you may need to explore a short sale. This requires lender approval and can be more complex, but it’s not impossible. The Levi Group has experience helping Lafayette sellers navigate tough financial situations.

Can You Still Make a Profit?

Absolutely. Thanks to steady home value growth in Lafayette neighborhoods like Indian Peaks, Waneka Landing, and Coal Creek Village, many homeowners have significant equity—even after just a few years. Selling with a mortgage is normal; profiting with one is common.

What Documents Will You Need to Sell With a Mortgage?

• Loan payoff statement(s)

• Original loan documents (optional but helpful)

• Closing disclosure forms

• Any paperwork related to second liens or HELOCs

Your real estate agent and title company will guide you through the process and ensure everything is completed correctly.

Why Work With The Levi Group?

When selling a home with a mortgage, having a seasoned team on your side makes the process smoother and more profitable. The Levi Group Brokered by Real provides:

• Accurate pricing guidance based on Lafayette market trends

• Professional marketing to attract top-dollar offers

• Coordination with lenders and title to handle payoff logistics

• Clear communication so you’re never in the dark

Final Thoughts: Selling a Home With a Mortgage in Lafayette

If you’re planning to sell a home in Lafayette but still have a mortgage, don’t worry—you’re not alone. With the right strategy and a strong team like The Levi Group, you can sell successfully, capture your equity, and move on to your next chapter.

Contact Kirsten Johansson of The Levi Group Brokered by Real
📧 kirsten@thelevigroup.net
📞 (603) 583-0151
🌐 www.thelevigroup.net

Your Lafayette Home Selling Experts

Disclaimer: This article is for informational purposes only and does not constitute legal, financial, or tax advice. Please consult with licensed professionals regarding your specific situation.