HOMEBOUND™

A RentEnd Mortgage Readiness Program

RECEIVE UP TO

$13,000

to resolve credit issues

  • REDUCE DEBT
  • IMPROVE YOUR SCORE
  • GET MORTGAGE READY

THIS IS NOT CREDIT REPAIR.WE WANT TO MAKE THAT ABSOLUTELY CLEAR.

HOMEBOUND™ is not a traditional credit-repair program.

Not this

You are not enrolling in an open-ended service designed to broadly improve your credit someday.

You came to RentEnd for one reason:

YOU WANT TO BUY A HOME.

And that’s exactly what HOMEBOUND™ is focused on.

THE OBJECTIVE ISN’T “BETTER CREDIT SOMEDAY.”
THE OBJECTIVE IS GETTING YOU MORTGAGE-READY.

FAST.

In as little as 10 days.*

How HOMEBOUND™ works

FROM CREDIT ROADBLOCK TO MORTGAGE READYHERE’S HOW HOMEBOUND™ WORKS

Mortgage readiness Step 01 / 08

HOMEBOUND™ — A RentEnd Mortgage Readiness Program

  1. Step 01 of 08

    WE IDENTIFY WHAT’S HOLDING YOU BACK

    HOMEBOUND™ focuses on the specific credit issues affecting your mortgage readiness, so you know exactly what needs attention and what needs to happen next.

  2. Step 02 of 08

    WE BUILD YOUR PERSONAL HOMEBOUND™ PLAN

    You receive an individualized mortgage-readiness strategy identifying the collections that need to be addressed.

  3. Step 03 of 08

    WE NEGOTIATE YOUR COLLECTION DEBTS

    HOMEBOUND™’s highly trained experts negotiate directly with creditors, collectors and debt holders to reduce your collection debts to the lowest legitimate payoff amounts available, helping remove the credit barriers standing between you and mortgage readiness.

  4. Step 04 of 08

    YOU RECEIVE YOUR FINAL ACTION PLAN

    You receive the negotiated or confirmed payoff amounts, the collections that need to be resolved, the recommended payment sequence and your expected timeline.

  5. Step 05 of 08

    YOU TAKE ACTION

    You complete the required actions and pay the applicable negotiated collection amounts. The faster you complete your required actions, the faster your HOMEBOUND™ journey can move.

  6. Step 06 of 08

    WE HELP REPLENISH UP TO $13,000 — AND COORDINATE YOUR DOCUMENTATION

    Once your eligible pre-negotiated collections are paid, HOMEBOUND™ coordinates your available settlement letters, payoff confirmations, receipts and supporting documentation for lender review.

    Most importantly, HOMEBOUND™ provides access to up to $13,000 in assistance to help replenish the funds you used to pay off those eligible collections, helping restore funds that may be needed for your down payment, closing costs and other eligible mortgage-related expenses.

  7. Step 07 of 08

    YOUR LENDER REQUESTS A RAPID RE-SCORE

    Once your required actions are completed and supporting documentation is available, your lender requests a Rapid Re-Score through its authorized credit-reporting provider to update your credit profile and reflect the changes made through your HOMEBOUND™ plan.

  8. Step 08 of 08

    MORTGAGE APPROVAL — COMPLETE YOUR PATH TO HOMEOWNERSHIP

    Your lender reviews your updated credit profile for MORTGAGE APPROVAL—the final step that completes your HOMEBOUND™ path to homeownership.

YOU CAN BE MORTGAGE-READY IN AS LITTLE AS 10 DAYS!*

Down-payment advantage

Imagine you’ve worked hard and saved thousands of dollars to buy your home.

Then you learn that qualifying collections need to be resolved before your mortgage can move forward.

Naturally, your first question may be:

“IF I USE MY DOWN-PAYMENT MONEY TO RESOLVE MY COLLECTIONS, WHAT HAPPENS TO MY DOWN PAYMENT?”

HOMEBOUND™ HELPS YOU SOLVE BOTH PROBLEMS.

HOMEBOUND™ helps you address the qualifying collections standing between you and mortgage readiness while helping replenish the down-payment funds used to resolve them.

Our highly trained experts negotiate directly with creditors, collectors and debt holders to reduce your collection debts to the lowest legitimate payoff amounts available, helping remove the credit barriers standing between you and mortgage readiness.

Once qualifying collections are successfully resolved through your approved HOMEBOUND™ plan:

YOU CAN RECEIVE UP TO

$13,000

TOWARD YOUR DOWN PAYMENT.*

That means you can use your existing funds to resolve qualifying collections without necessarily sacrificing the money you need to continue your path toward purchasing your home.

Down-payment restoration

Stage 01 · Resolve

  1. YOUR MONEY RESOLVES THE COLLECTIONS.

    You use $8,000 of your existing savings to resolve your qualifying collections.

  2. HOMEBOUND™ CAN PROVIDE UP TO $13,000.

    HOMEBOUND™ can provide up to $13,000 toward your down payment and related closing costs.*

  3. YOUR $8,000 IS REPLENISHED.

    That means after replenishing the $8,000 used for collections, you could still have $5,000.

  4. YOU STILL HAVE $5,000 TOWARD YOUR DOWN PAYMENT.

    You still have $5,000 remaining to apply toward your down payment.

RESOLVE YOUR COLLECTIONS. KEEP MOVING TOWARD YOUR HOME.

In the example above, you use $8,000 of your existing savings to resolve your qualifying collections.

HOMEBOUND™ can provide up to:

$13,000

TOWARD YOUR DOWN PAYMENT AND RELATED CLOSING COSTS.*

That means after replenishing the $8,000 used for collections, you could still have:

$5,000

TOWARD YOUR DOWN PAYMENT AND CLOSING COSTS.*

AND IT COULD GET EVEN BETTER.

HOMEBOUND™ experts negotiate directly with creditors, collectors and debt holders to seek the lowest legitimate payoff amounts available.

WHAT IF YOUR $8,000 IN COLLECTIONS IS NEGOTIATED DOWN TO JUST $3,000?

You resolve the collections for $3,000—which means you could still have:

$10,000

TOWARD YOUR DOWN PAYMENT AND CLOSING COSTS.*

The less you need to pay toward your collections, the more of the available funds you may have toward getting into your home.*

NEXT: RAPID RE-SCORE.

Once the collections are resolved, your lender requests a Rapid Re-score to update your credit profile and move you toward what HOMEBOUND™ is ultimately designed to help you achieve:

MORTGAGE APPROVAL.

The final step in your HOMEBOUND™ path to homeownership.

Strategic use of your funds

MAKE THE MONEY YOU ALREADY SAVED WORK SMARTER.

HOMEBOUND™ helps eligible borrowers use their available funds strategically.

Instead of keeping every dollar untouched for a down payment while unresolved collections continue preventing your mortgage from moving forward, you can use existing funds to address the qualifying credit obstacles.

HOMEBOUND™ then helps fund your eligible down payment.*

UP TO

$13,000

That helps preserve more of your remaining money for other needs associated with becoming a homeowner, subject to the requirements of your mortgage transaction.

Your remaining funds could potentially be available for things such as closing costs, prepaid expenses, required reserves, moving expenses, other eligible home-purchase expenses, or simply keeping more of your own money available.

And there’s another HOMEBOUND™ advantage

QUALIFYING CREDIT-CARD PAYDOWN ASSISTANCE

Collections aren’t always the only obstacle.

Sometimes you’re making your credit-card payments on time, but the balances themselves are affecting your credit utilization and mortgage-readiness strategy.

For borrowers who qualify under an available special program, eligible credit-card paydown assistance can be provided in connection with closing.*

Credit utilization

Illustrative only — not a score, not a projection.

  1. LOWER BALANCES.
  2. LOWER CREDIT UTILIZATION.
  3. A STRONGER MORTGAGE-READINESS STRATEGY.

HOW MUCH DOES HOMEBOUND™ COST YOU?

HOMEBOUND™ program service fee
  • HOMEBOUND™ helps identify the obstacles.
  • HOMEBOUND™ gives you your personalized action plan.
  • HOMEBOUND™ helps coordinate applicable collection negotiations.
  • HOMEBOUND™ helps organize available documentation for lender review.

$0

ZERO HOMEBOUND™ PROGRAM SERVICE FEE TO THE BORROWER.

That’s right.

$0 PROGRAM SERVICE FEE.

Your lender then evaluates your updated financial and credit profile and makes the mortgage qualification decision.

The timeline

IMAGINE WHERE YOU COULD BE 10 DAYS FROM NOW.

  1. TODAY

    A collection, balance or other specific credit issue may be preventing your mortgage from moving forward.

  2. HOMEBOUND™

    We identify the obstacles and create your personalized mortgage-readiness plan.

  3. YOU TAKE ACTION

    You resolve the qualifying accounts and complete the necessary actions.

  4. DOCUMENT & RE-SCORE

    The applicable documentation is prepared for lender review, and your lender determines whether to request a Rapid Re-Score.

  5. MORTGAGE RE-EVALUATION

    Your lender reviews your updated credit and financial profile.

  6. POTENTIALLY MORTGAGE-READY IN AS LITTLE AS 10 DAYS.*

YOU’RE APPROVED!*

Eight reasons

THE HOMEBOUND™ ADVANTAGE

  1. MORTGAGE-FOCUSED

    HOMEBOUND™ focuses on the specific credit obstacles standing between you and mortgage approval—with a clear path toward mortgage readiness.

  2. PERSONALIZED

    Your HOMEBOUND™ plan is built around your individual credit situation and your lender’s specific recommendations for moving your mortgage forward.

  3. COLLECTION NEGOTIATION

    HOMEBOUND™’s highly trained experts negotiate directly with creditors, collectors and debt holders to seek the lowest legitimate payoff amounts available for qualifying collections.

  4. UP TO $13,000 TOWARD YOUR HOME

    You can receive up to $13,000 toward your down payment and related closing costs, helping replenish funds used to resolve qualifying collections through your approved HOMEBOUND™ plan.*

  5. CREDIT-CARD PAYDOWN

    When included in your HOMEBOUND™ plan, available assistance can help pay down credit-card balances, reduce utilization and strengthen your credit profile for mortgage readiness.*

  6. RAPID RE-SCORE

    Once the required credit actions are completed and documented, your lender requests a Rapid Re-score to quickly update your credit profile and move you closer to mortgage approval.

  7. FAST

    MORTGAGE-READY. FAST.

    You can become mortgage-ready in as little as 10 days.*

  8. $0 PROGRAM SERVICE FEE

    Your HOMEBOUND™ program service fee: $0

    HOMEBOUND™ is designed to help remove the credit obstacles standing between you and the outcome that matters:

    MORTGAGE APPROVAL.

READY TO START YOUR HOMEBOUND™ JOURNEY?

You’ve already taken the first step by deciding that homeownership is where you want to go.

Now find out what it takes to get there.

HOMEBOUND™ — A RENTEND MORTGAGE READINESS PROGRAM
RentEnd — Your Rent Becomes Your Home.

HOMEBOUND™ — A RentEnd Mortgage Readiness Program

REQUEST YOUR HOMEBOUND™ REVIEW

Complete the short form below to start your HOMEBOUND™ journey.

$0 HOMEBOUND™ PROGRAM SERVICE FEE TO THE BORROWER

Step 1 of 9 Takes about 3 minutes

Tell us about you

Preferred Language
How would you prefer that we contact you?

Tell us about your homeownership goal

Are you currently trying to purchase a home?
Have you already applied for a mortgage?

Let’s identify what’s holding you back

Do you currently have collection accounts that you believe need to be resolved?
Do you have credit cards with balances that could be affecting your mortgage qualification?
Do you know your approximate credit score?

Have you already saved money for your home?

THIS IS AN IMPORTANT PART OF YOUR HOMEBOUND™ REVIEW.

If qualifying collections are preventing your mortgage from moving forward, HOMEBOUND™ helps eligible borrowers strategically use existing funds to resolve those obstacles while accessing eligible HOMEBOUND™ down-payment contributions.*

YOUR MONEY RESOLVES THE COLLECTIONS.
HOMEBOUND™ HELPS FUND YOUR DOWN PAYMENT.*

Do you currently have money available that you could use to resolve qualifying collections if doing so helps you become mortgage-ready?
Approximately how much do you currently have available toward your home purchase?

How quickly are you ready to move?

HOMEBOUND™ is designed to move quickly when borrowers can complete the required actions.

YOU COULD POTENTIALLY BE MORTGAGE-READY IN AS LITTLE AS 10 DAYS.*

If your HOMEBOUND™ plan identifies collections or balances that need to be resolved, when would you be prepared to take action?

Tell us about your lender

Your lender or Loan Officer is an important part of your HOMEBOUND™ journey.

Providing their information helps HOMEBOUND™ understand the mortgage-readiness requirements they have identified and coordinate the appropriate next steps.

Are you currently working with a lender or Loan Officer?

Tell us about your Realtor

Are you currently working with a Realtor or real estate agent?

Your Realtor is part of your homebuying team. Providing this information helps HOMEBOUND™ coordinate your mortgage-readiness journey with the professionals already helping you move toward homeownership.

Do you have your lender’s credit recommendations?

If your lender or Loan Officer has already reviewed your credit, they may have provided documents explaining what needs to be addressed for your mortgage to move forward.

Do you have any of the following?
Can you provide these documents to HOMEBOUND™?

Authorization & consent

YOU’RE ALMOST THERE.

Please review and confirm the following before submitting your HOMEBOUND™ request:

Electronic signature

Typing your full legal name serves as your electronic signature.

By submitting this form, you agree to be contacted by RentEnd by phone, text message, or email regarding your request. Message and data rates may apply. Message frequency may vary. Reply STOP to opt out or HELP for help. Consent is not a condition of purchase.