How can you fund a downsize, move, and home sale before closing?
This option is intended for qualified homeowners who are selling their home and have sufficient equity. Preparing for sale and moving to a new location can require work before sale proceeds are available. Cend has a relationship with Notable, a financing provider that offers qualified homeowners an unsecured personal line of credit for eligible listing preparation costs. We also understand the work involved in downsizing, preparing your home, and coordinating the move. That work often has you looking to hire assistance, and that is where we come in. Through our partnership, Notable allows you to pay for eligible Cend services and other updates needed to get your home market-ready, then pay off the short-term loan upon closing. It can be a useful option when the timing of the work comes before the proceeds from the sale.
You use only the funds you need. Interest accrues only on the amount used, and Notable states there are no costs if no funds are used. Interest and fees apply when funds are used.
At a glance
- Unsecured line of credit
- Up to $50,000 for qualified applicants
- No impact to credit score when checking an offer
- Interest accrues only on funds used
- Repayment coordinated through closing when applicable
- Credit approval and underwriting required
How the Notable financing process works
- Check your offer. Notable says the online application takes less than five minutes and checking an offer does not affect your credit score.
- Access approved funds. If approved, funds can be accessed through Notable's secure online portal and used for eligible home-sale preparation expenses.
- Repay the balance. Notable provides repayment instructions before closing so the used funds, interest, and fees can be paid through the closing process.
What may make someone eligible?
Notable lists a FICO score of 680 or higher, sufficient home equity, a signed listing agreement, and a home list price below the applicable state limit among its qualifications. Requirements and limits vary by state, additional criteria apply, and every loan is subject to credit approval and underwriting.
Questions homeowners and families ask
Can home preparation costs be paid at closing?
Qualified homeowners may use Notable financing for eligible listing preparation costs and repay the used balance, interest, and fees through the closing process. Repayment may become due earlier under the loan agreement and is due no later than 12 months after origination.
Does applying affect my credit score?
According to Notable, checking an offer does not affect your credit score. Final eligibility remains subject to credit approval and underwriting.
Is a lien placed on the home?
Notable describes the product as an unsecured personal line of credit, so no property lien is required.
How much financing may be available?
Qualified applicants may receive a line of credit of up to $50,000. The actual amount offered depends on eligibility, underwriting, applicable rules, and credit approval.
When is the balance due?
Loan funds, interest, and fees are due upon loan acceleration, 12 months after origination, termination of the listing agreement, or another suspension event stated in the loan agreement, whichever occurs first.
Does Cend make the lending decision?
No. Cend can help identify the work needed for a home transition. Notable independently handles the application, underwriting, credit decision, loan terms, funding, and repayment.
Results may vary. Notable Finance, LLC does not guarantee or warrant any results. Loans are provided by Notable Finance, LLC, NMLS #1824748, and are made or arranged pursuant to a California Finance Lenders Law license. Loan eligibility is not guaranteed; all loans are subject to credit approval, underwriting, rules, exclusions, and the terms and conditions of the loan agreement. Interest and fees apply. See Notable's terms and conditions.