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​Read the entirety of this information page to ensure you fully understand the H-SEP Program.

H-SEP Program - More Information
​The H-SEP Program (Home Sale Equity Purchase Program) is a real estate purchase option designed for homeowners who want to unlock equity through a sale of their home, not through borrowing or financing.
This page provides additional detail to help you understand how the H-SEP Program works and what to expect if you choose to explore it.

What the H-SEP Program Is
The H-SEP Program is a home purchase transaction.
Under the H-SEP Program:

• You sell your home to us in an initial sale.
• We become the owner of the property at closing.
• You receive a lump-sum payment based on available equity.
  • After the home is sold to an end buyer, you receive the remaining net proceeds via check or ACH Transfer. 

The H-SEP Program is not:

• a loan
• financing
• a mortgage
• a refinance
• a home equity line of credit
• an advance

There are no monthly payments, no interest, and no repayment obligation.

Who the H-SEP Program May Be a Fit For
The H-SEP Program may be appropriate for homeowners who:

• are planning to sell their home,
• want access to equity before the final sale,
• prefer a non-debt solution,
• want flexibility during the sale process, or
• are seeking an alternative to traditional listings or cash buyers.

The H-SEP Program is not intended for homeowners who want to retain long-term ownership or who are seeking a loan or credit product.

What Happens to Existing Mortgages or Liens
Existing mortgages, liens, or encumbrances do not automatically disqualify a homeowner.
Depending on the terms of your H-SEP Program Client Offering:

• existing mortgages or liens may be paid off at the initial closing, or
• may be negotiated to be be paid from initial or final sale proceeds, as is mutually agreed.

All mortgage and lien treatment is clearly outlined in your SEP Program Client Offering and SEP Program Client Agreement before any closing occurs.

How the Lump-Sum Amount Is Determined
The upfront lump-sum amount offered under the H-SEP Program depends on multiple factors, including but not limited to:

• estimated market value,
• equity position,
• property condition,
• market conditions,
• expected holding and resale costs.

Lump-sum amounts vary by property and are determined using proprietary evaluation methods.
There is no standard or guaranteed amount.

Listing and Sale of the Home
After the initial sale to us:

• the home is listed for sale to an end buyer,
• licensed professionals (such as Realtors or Brokers) are used when required,
• the property remains listed until sold, subject to market conditions.

Listing price, marketing strategy, and timing may change based on market realities.

Final Sale & Net Proceeds
When the home sells to an end buyer:

• sale proceeds are first applied to closing costs, third-party expenses, repairs, and agreed-upon fees.
• remaining net proceeds, if any, are paid to you in accordance with your H-SEP Program Client Agreement.

Net Proceeds Definition
Net proceeds - are the remaining capital left over after all costs, closing costs, charges, and fees, including third party charges and fees, are deducted, as are necessary or applicable (such as but not limited to appraisal, inspection, repairs, and repairs required/requested upon inspection by a licensed inspector), as outlined in your H-SEP Program Client Offering and H-SEP Program Client Agreement. Final proceeds may be higher or lower than initial estimates, including those provided in your H-SEP Program Client Offering.
There is no guaranteed outcome.

No Credit Evaluation
We do not evaluate:

• credit scores,
• income,
• employment,
• debt-to-income ratios,
• or ability to repay.

No Interest or Repayment
Because the H-SEP Program is not a loan, there is:

• no interest,
• no APR,
• no repayment schedule,
• no foreclosure process.

Independent Advice Is Encouraged
Selling a home is a significant decision. You are encouraged to:

• consult independent legal counsel,
• consult independent financial counsel,
• consult independent tax counsel,
• compare the H-SEP Program with other sale options.

You should only proceed if you fully understand the transaction.

No Obligation
Submitting information, receiving pre-qualification, or reviewing an H-SEP Program Client Offering:

• does not obligate you to proceed, and
• does not obligate us to purchase your home.

All transactions are subject to written H-SEP Program Client Agreement execution by all applicable parties and transaction closing.

H-SEP Program Example 
Assume your home has a market value of $100,000 and you currently owe $20,000 on your mortgage, with no additional liens. (Liens do not automatically disqualify an applicant, provided sufficient equity exists or the applicant agrees to have liens paid off from the offered lump sum.)
If you are pre-qualified, approved, and choose to accept an H-SEP Program Client Offering, the transaction may work as follows:

• At the initial closing, we pay off the remaining $20,000 mortgage balance.
• We provide you with an additional $50,000 lump-sum payment from the available equity.
• Ownership and title to the property transfer to us at the initial closing, and your lump-sum payment is disbursed at that time.
• As provided under the H-SEP Agreement, the home is then re-listed for sale, typically through the same licensed real estate professional, and remains listed until sold.

If the home later sells for $100,000, the sale proceeds may be distributed as follows:

• $20,000 applied to the prior mortgage payoff,
• $50,000 representing the lump-sum equity payment already provided to you,
• $8,400 retained as a fixed handling fee (as set forth in the H-SEP Program Client Offering), and
• The remaining $21,600 paid to you as net proceeds, less any applicable closing costs or third-party charges.

Net proceeds are typically paid to you by check or ACH transfer within 48 hours of the final sale closing and receipt of funds. For example purposes only; no guarantees, actual offering(s and offering proportions may vary, actual SEP Programs including H-SEP Program terms and conditions, structure, approval, acceptance, and outcomes are not guaranteed and may vary. 
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Next Steps
If you would like to explore whether the H-SEP Program may be an option for you, you can apply now for review. We are happy to explain the process and answer questions so you can make an informed decision.

Apply Now