1. Will my credit score be impacted by applying? 

The application and approval process uses a soft credit inquiry, which does not affect your credit score. Additionally, your credit score will not be impacted by drawing funds. 

2. What happens if my home doesn’t sell? 

You have 12 months (1 year) to sell your home. If it hasn’t sold by then, you can request an extension or set up a payment plan to give yourself more time to sell. If you choose to no longer sell your home, the loan will need to be repaid. 

3. What fees or interest are applied? 

You’ll see: • ~1% monthly interest (reflecting an 8.99–16.99% annual rate). • Nothing due til closing¹ Most homes sell in about 3 months. At our average ~1% monthly interest (12% annually), that’s about 3% interest paid at closing, only on what you actually spend. 

4. Is there a cost if I don’t use funds? 

There is no cost to you if you no longer need your funds. You can simply request your loan be closed. 

5. What can funds be used on? 

You can use funds for virtually anything that helps get your home ready to sell — from staging and painting to repairs, landscaping, or even things like storage and temporary housing. 

6. What are the qualification criteria? 

   1. 1. Meet a minimum credit score of 680 (640 in CA) 

      2. Be an owner of the property (or be able to act on behalf of the owner) 

      3. Have at least 20% equity in the home (in some cases, at least 10%) 

      4. Signed listing agreement with a real estate agent 

      5. Property list price under $8M Additional criteria may apply 

7. What is the maximum amount I can qualify for? 

We determine approval amounts primarily based on the equity in the home — though other credit-worthiness factors may be considered that can impact your credit limit. 

8. How is the loan repaid at closing? 

Once your closing date is set, let us know by logging into your portal and adding the home close date. We will send you and your agent a final payoff statement and, if needed, an escrow demand along with clear repayment instructions. 

9. Does it work for homes owned by an LLC, Trust, Estate, or POA? 

Yes! We can work with homes owned by an LLC, Trust, Estate, or under Power of Attorney (POA). We may ask for some documents to verify ownership during the application process. 

10. What if I’m buying, too? 

How might my new mortgage be impacted? Only soft credit inquiries are performed, so your credit score won’t be affected during the application. Our loans are personal and unsecured, meaning there’s no lien on the property. Additionally, we won’t report the loan to the credit bureau unless the loan remains unpaid after it becomes due.