How To Qualify
Qualifying for a REX Agreement is easy. Just call us at 855-390-4474. We'll pre-qualify you first by asking a few simple questions, and then we can outline preliminary terms for a REX Agreement and estimate the amount of cash you might be able to receive. Pre-qualifying criteria typically include:
- Single-family, detached structure located in an area where we are offering the REX Agreement
- Owner-occupied, primary residence
- Good credit
- At least 25% equity in the home
- Home value less than $3 million
Once you're pre-qualified, you can request an application package. In addition to the application, we'll need information from you about your income, assets, mortgage loans, and property insurance. We'll obtain some reports, including a credit report, and determine the value of your home by obtaining an appraisal from an independent third-party appraisal firm. Based on that information, we'll make a final decision on your application. The process typically takes several weeks from the time we receive your application to the time you receive the cash payment.