Why Choose HouseAmp
Powered by HouseAmp is YOUR platform that provides an ecosystem connecting agents and homeowners with lenders and service providers, making the home selling and improvement process seamless and efficient than ever before by providing fast funds to your clients with no out-of-pocket expense, all settled at close.
Benefits for Agents & Homeowners
Increase Property Value: Pre-sale improvements boost marketability and final sale price.
Compliance & Transparency: Clear tracking of funds, invoices, and project updates keeps everyone informed.
Easy Onboarding: Agents can leverage the platform with minimal setup and receive support through Radius for training and resources.
Key Features
Equity-Based Loan: No listing price caps. Funding from $10k up to $400k.
Flexible Use: Funds can be used for pre-sale improvements, inspection-related repairs, and even moving expenses.
Equity Estimator Tool: Allows agents to estimate a client’s accessible equity, helping guide improvement decisions.
Quick Funding: Approved funds available in a few days with digital processing, streamlining the workflow for both agents and clients.
Service Provider Network: Agents can invite their preferred service providers or use ones already on the platform.
Limitations
Credit Score Requirement: Minimum credit score of 650 for applicants.
Repayment Terms: Repayment due upon sale of the house, or at maturity date, whichever comes first. 24-month loan term with interest-only payments from months 13 to 23 if not repaid by sale.
Limited Availability: Not available in California. Currently available in only select states; expansion ongoing.
Personal Withdrawals: Homeowners can withdraw up to 25% of loan for DIY improvements, subject to a 3.49% service fee.
How Much Does it Cost
*No Discounts Available through Radius
Interest Rate: Starts at around 11.99% APR, depending on the market.
Origination Fee: 1.99%, deducted from the loan amount.
Service Provider Fee: 3.49%, which can be added to the service invoice.
No Interest Period: 60 days if the loan is repaid within this timeframe.
How to Sign Up
Create Your Account: Complete this form with your name, email, mailing address, and phone number.
Invite Your Preferred Service Pros: You and your client can get started on a new project fast when you invite your preferred service providers to get started, or you can search for new ones in your area.
Try Out the Equity Estimator: Get a snapshot of your client’s potential equity.
Invite Homeowners to Join: Your clients can access pay-later funding and connect with qualified service pros, then manage projects and payments on any service that impacts the sale of the home—all in one easy place.
Learn More
HouseAmp Support is available by phone or email
Monday through Friday, 8 am - 8 pm ET
Phone: 877-537-2643
Email: support@houseamp.com