turn your home into the financial foundation for your future

Figure Home Advantage Figure.com888-819-6388

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Figure Home Advantage™Turn your home into the financial foundation for your future

Introducing Figure Home Advantage™

Let your home help fund your retirement.Figure Home Advantage is a revolutionary sell-and-leaseback program that enables you to convert your home equity into cash you can use to bolster your nest egg, cover your retirement expenses, or pay for what matters most to you.

Unlike other equity-release products, our debt-free solution gives you the power to access more of your home’s value.

It’s not a loan. We buy your house and assume all homeowner expenses and responsibilities, including property taxes, homeowner’s insurance, and maintenance. You get the cash and better yet, the peace of mind to stay in your home for as long as you’d like for a simple, monthly rental payment.*

The growth in housing is slowing, and some markets are even expected to decline. Figure Home Advantage is a smart way to capitalize on the equity you’ve earned up to now while continuing to enjoy the home you know and love.

*Tenants may stay in their homes for as long as they’d like subject to compliance with the terms of the Figure Home Advantage lease agreement, which requires, among other things, renter’s insurance.

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Figure.com888-819-6388


How it works• We purchase your home for up to 90% of its value.**

• We take over all homeownership costs, including property taxes, homeowner’s insurance, homeowner association fees, maintenance costs, and repairs.

• We partner with you on a yearly lease agreement. You control how long you stay. Provided you make your lease payments and are not otherwise in breach of your lease agreement, you can stay in your home as long as you’d like, move when you want, or purchase your home back.

Who should considerIf you have built up a significant amount of equity in your home and are looking for cash now but don’t want to move yet (or ever), Figure Home Advantage may be a great option for you. There is no age requirement, so anyone can lock in their gains today to secure an ideal future.

Figure Home Advantage may be an ideal solution for people who want or need to:

• Supplement their retirement income• Capitalize on current real estate prices while remaining

in their home• Use their equity now for a different purpose, such as placing

a down payment on a new home, starting a business, paying for college, or donating to charity

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**90% of home value is based on Figure’s estimate of the current market value of the home. Actual proceeds received at the time of sale will reflect the purchase price of up to 90% of the home’s value, less one month’s security deposit, the first month’s rent, and the refundable holdback.


What are the advantages• More cash without debt or a move

Unlock up to 90% of your home’s value. There’s no debt to repay and you don’t have to deal with the inconvenience of selling your house and moving.

• Stay in your home forever, or just until you decide what’s next Whether you plan to stay in your home forever or just another year, it’s no problem. With Figure Home Advantage, stay as long as you like, move when you want, or buy your home back. You’re in control.

• Simplified terms, simplified payments Figure Home Advantage makes life easier. You can get all the benefits of living in the home you know, without the added costs of ownership. The regular expenses of owning are not your problem, and surprise repairs are taken care of by us.

• Leave the hassles of homeownership behind Forget about having to find a repair person you trust if your roof leaks or your water heater fails. We take care of it.

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What’s the catch?There is no catch. Figure Home Advantage consists of two simple transactions: a purchase agreement and a lease agreement that automatically renews on an annual basis unless you decide to move, buy back your house, or fail to meet the terms of your lease.

You’ll get the money from our purchase agreement, less deductions to cover your first month’s rent, security deposit and a refundable holdback, which may be put towards your deposit if you decide to buy your home back, or returned to you if you choose to move. Of course, if you have any outstanding lien balances, these will need to paid off with your proceeds as well.

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Figure’s purchase price:

Current mortgage balance:

First month’s rent:

Security deposit:

Refundable holdback:

Net cash proceeds

$300,000

-$20,000

-$2,000

-$2,000

-$24,000

$252,000

An example:


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A simple 4-step process

STEP 1

Application

The application process is quick and easy. Start your application and get a preliminary estimate of your home’s value on our website (www.figure.com) or give us a call at 888-819-6388. Figure Home Advantage specialists are available to answer your questions, help you determine if Figure Home Advantage is right for you, and guide you through the application process.

STEP 2

Appraisal and Purchase Offer

Figure will estimate the value of your property and make an offer to purchase your home. If you accept, we will order an appraisal and home inspection and work towards removing closing contingencies.

STEP 3

Closing

We organize a closing that aligns with the customary practices in your area. At the closing, you will receive a final Closing Statement outlining the exact dollar amounts involved in the transaction. You will get your funds at the end of the closing.

STEP 4

Lease Agreement

Leases are one year in length and will auto-renew if you’re current with your rent payments and not otherwise in breach of the lease. You always have the right to opt out of the auto-renewal (if you want to move) by giving Figure written notice 60 days prior to the end of your lease. We will provide notice of any rent adjustments prior to the lease renewal date – and they’ll never be more than five percent year over year.


Home valueWe use a variety of tools to determine the value of your home, including an automated valuation model and an independent appraisal.

Cash proceedsWe purchase your home. You pocket the cash from the final purchase price offer minus any outstanding liens (if you have them), your first month’s rent, a security deposit (equal to one month’s rent), and the refundable holdback.

Rental ratesWe set rental prices to reflect current market rates. Similar to the way in which an appraiser estimates home values, Figure determines a fair market rental rate by considering local rental properties that have similar characteristics to your home, such as square footage, the number of bedrooms and bathrooms, and general condition. Monthly rent payments and the terms of potential increases will be detailed in your lease agreement.

Rent changesIf local rental rates go up, we may raise rents; however, they are capped and will not exceed five percent year over year. Rent increases will not occur in the middle of a lease term, and you will be notified prior to your renewal of any increase that may go into effect when your new lease term begins.

Maintenance fees and upkeep costsOne of the many benefits of Figure Home Advantage is that as a resident you will no longer be responsible for paying property taxes, homeowner’s insurance, or homeowner association fees or handling maintenance on the property.

Resident responsibilitiesResidents are responsible for paying utilities, keeping the interior and exterior of the houses clean, and repairing any damage caused by themselves or their guests. We also require all residents to maintain renter’s insurance. All of these details will be clearly outlined in lease documents.

Buying your home backBuying your home back is always an option. The buyback price will be either the current appraised value or the price at which Figure purchased your home, whichever is greater. You will be responsible for any additional real estate transaction fees that may be associated with the closing process.

And now, for the detailsThe following outlines additional information that can help you better understand Figure Home Advantage and decide if it’s the right solution for you. You can always call our Customer Service team with questions at: 888-819-6388.

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Refundable holdbackThe refundable holdback is an amount of money that secures your right to repurchase the home. The refundable holdback will be put towards a down payment if you decide to buy back your home or it will be returned at the end of your lease if you choose to move, less any missed rental payments.

Change in ownership statusSimilar to a traditional home sale, when you accept and sign the closing documents, you are no longer the owner of the property. However, your lease agreement grants you the right to live in your home. You can renew yearly as long as you stay current on your rent payments, continue to live in the home, and are in compliance with the lease terms.

What types of properties qualify?Figure Home Advantage is designed for single-family detached homes and townhomes, with a minimum of 2 bedrooms, 1 bathroom, and 700 sq. ft, on fewer than 10 acres, and built after 1943. It cannot be in flood zone A or V, as defined by the Federal Emergency Management Agency, and must be located in an area currently being served by Figure.


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A closer comparison of reverse mortgages and Figure Home Advantage

Reverse Mortgage Figure Home Advantage

The typical reverse mortgage offers borrowers 30-60% of their home equity depending on their age.

Yes. The youngest borrower must be 62 or older.

Homeowner Tenant has option to purchase home

• Property taxes• Maintenance and upkeep• Repairs• HOAs, if applicable• Utilities• Loan (plus accrued interest)

payoff at end of term

• Rent payments• Utilities• Renter’s insurance• Repairs other than those associated

with normal wear and tear

• Mortgage insurance (2% of home value)1

• Origination fees (2% of first $200,000; 1% of amount over $200,000)1

• Title insurance • Flood Certificate• Wire Fee• Credit report

Up to 90% of the home equity

None

No fees***

Unlocked Home Equity

Age Requirement

Fees

Status

FinancialResponsibilities(ongoing and future)

***Fees apply in the event the resident exercises their right to buy back the home.

Thinking about a reverse mortgage? Think again.For those in retirement, Figure Home Advantage can be a great alternative to a reverse mortgage. Because it’s not a loan, it offers significant advantages over debt-based equity-release alternatives.

Reverse mortgages can provide access to cash, but the amount you get up front may not be as high as expected. Worse, your home equity decreases over time as interest accrues.

Over time, your debt can eventually grow to exceed the value of the home.

When compared to this well-known equity-release product, Figure Home Advantage offers a number of benefits:

• Access to more cash• No loan, no debt, no hidden fees • Steady monthly rent payment• Elimination of costs and unexpected

repairs that come with home ownership


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“Figure Home Advantage helps homeowners access more of their home equity, maintain residence, simplify and improve the quality of their lives and diversify their retirement income sources.”Jim Keene, CFA and co-author of “Retire on the House: Using Real Estate to Secure Your Retirement.”

Figure Home Advantage

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3 Reasons to Choose Figure1. Customer service

Our specialists are on hand to work with you every step of the way. We’ll guide you through the application process, explain all terms and conditions, and answer any questions.

2. Easy process If you like our purchase offer, we’ll do the rest. Appraisal, home inspection, closing. We’ll schedule everything and keep things moving so you can get your cash as quickly as possible.

3. Hassle-free living We manage the costs and troubles of property ownership so you can focus on enjoying your life.


With Figure Home Advantage, you can use your home equity to build the foundation of your future.

Get the cash you need without any debt, leave the costs and hassles of homeownership behind, and most importantly, keep the freedom to remain in the comfort of your home for years to come.

You’ve worked hard to have your home, maybe it’s time to let it work for you.


About Figure Technologies, Inc.At Figure, we’re transforming home equity by creating a faster, simpler and more transparent way to meet your financial goals. Learn how to use the equity in your home to consolidate debt, pay for home improvements, or fund your goals. The process is easy, secure, and faster than ever before.

EQUAL CREDIT OPPORTUNITY ACT NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has, in good faith, exercised any right under the Consumer Credit Protection Act. The Federal Agency that administers Figure’s compliance with this law is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.

Figure Property Corp.

© 2018 FIGURE TECHNOLOGIES, INC.

650 California Street, Suite 2700San Francisco, CA 94108

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turn your home into the financial foundation for your future

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