Can I Sell My Home in Yuma if I Still Have a Mortgage?

Can I Sell My Home in Yuma if I Still Have a Mortgage?

Can you sell your home in Yuma with a mortgage? Yes — and it’s easier than you think. Learn how it works and why sellers trust Next Level Home Buyers.

Yes, you can absolutely sell your home in Yuma, AZ even if you still owe money on your mortgage. Most homes in Yuma are sold before they’re fully paid off. The key is making sure your sale proceeds cover the loan balance, and working with a team like Next Level Home Buyers makes the process much easier.

Understanding How It Works

Selling a home with an active mortgage isn’t rare. In fact, it’s the norm. According to Zillow, about 63% of U.S. homeowners are still paying off a mortgage when they list their home.

Here’s what happens: when your home sells, the escrow company uses the buyer’s funds to pay off your remaining mortgage. Whatever is left after that — your equity — goes to you. Simple as that.

Key Steps to Selling a Mortgaged Home in Yuma

1. Figure Out Your Payoff Amount

Contact your mortgage lender and request a payoff statement. This shows the exact amount needed to pay off your loan, including any interest through the expected closing date.

Pro tip: Your payoff balance is usually slightly higher than your current mortgage statement due to daily interest accrual.

2. Estimate Your Home’s Market Value

Work with a local expert like Next Level Home Buyers to estimate your home’s value. In Yuma, home prices have been trending upward — with the median home value at around $280,000 in mid-2025 — but local variations matter.

A proper valuation ensures your sale will cover the mortgage and leave you with equity.

3. Calculate Your Equity

Equity = Home’s market value – Mortgage payoff amount – Selling costs

If you have enough equity, selling is straightforward. If not, you may need to explore options like a short sale — something the team at Next Level Home Buyers can help you navigate.

4. Choose the Right Selling Path

You can either list your home traditionally, or sell directly to a real estate investor like Next Level Home Buyers.

– Listing on the MLS can take time, involve repairs, showings, and commissions.
– Selling to a local investor means a quick cash offer, no repairs, and zero commissions. In many cases, Next Level Home Buyers can close in as little as 7–14 days.

Common Concerns When Selling With a Mortgage

What if I owe more than my home is worth?

You’re not alone. This situation is called being “underwater” on your mortgage. Depending on your circumstances, a short sale might be an option — but it requires lender approval.

Can I use the sale proceeds for my next home?

Yes. If you’re buying another property, your equity from the sale can be used as a down payment. Some sellers even negotiate a rent-back or post-possession agreement — something Next Level Home Buyers has helped Yuma residents with many times.

Will my credit be affected?

Selling your home before falling behind on payments won’t hurt your credit. In fact, it can protect it — especially compared to foreclosure or short sale situations.

Why Yuma Homeowners Trust Next Level Home Buyers

Next Level Home Buyers isn’t a national chain — they’re a trusted local team who knows Yuma inside and out. From Somerton to the Foothills and everywhere in between, they’ve helped hundreds of sellers just like you.

What Sets Them Apart:

– Transparent, no-pressure offers
– Flexible closing timelines
– No fees, no commissions, no repairs required
– Experience with complex situations like probate, liens, and divorces

“Next Level Home Buyers helped us close in 10 days and even let us stay after closing while we found our next home. Couldn’t recommend them more.” — Marissa C., Yuma AZ

Local Selling Tip: Timing Can Help

Summer is a busy season for home sales in Yuma. If you’re ready to list, now might be the right time. Homes near Yuma Palms or MCAS Yuma often attract faster offers due to location demand.

If you’re looking for speed, selling to an investor can help you skip the wait entirely.

Final Thoughts

If you’re thinking about selling your home in Yuma and you still have a mortgage, don’t worry — you’re in good company. With the right support, it can be a smooth and profitable process.

Whether you’re relocating, downsizing, or just exploring your options, reach out to Next Level Home Buyers. Their local expertise, fair offers, and flexible terms make them a top choice for Yuma homeowners.