Disclaimer
HouseAmp offers no guarantee or warranty of results.
About our Loan Programs
Loans are available through HouseAmp's licensed lending partners. All loans are subject to approval based on lenders' underwriting criteria, and program terms are subject to change based on the credit application and associate lenders in the market. Loans are not available in all states and not all borrowers or properties will qualify.
About Finance Charges
Finance charges and interest rates are subject to the terms set by the lender and may vary. For approved borrowers, settlement-related fees are deducted from the line of credit. Borrowers should review their loan agreement for specific details.
About the Loan
Homeowners can apply for a 24-month open-ended home equity line of credit, which includes an origination fee, a fixed interest rate, and a limited no-interest period. The loan allows homeowners to access funds for home improvements and sale-related expenses for a draw period of up to six months.
About Disbursement of Funds
Disbursement of funds within the HouseAmp platform is subject to HouseAmp's Terms of Use.
About Repayment
Repayment of the loan, including the outstanding balance, any accrued interest, and fees, is required either upon the sale of the house or within 24 months of the origination date, whichever comes first. Monthly interest payments will be required if the loan exceeds 12 months. The outstanding loan balance and any unpaid, accrued interest will be due on the 24th month.