Figure Home Lease Back
Sell, Stay, Dream
Sell your home hassle-free,
stay as long as you like1
Pre-qualification does not affect your credit score
How it works
Get your price
Enter your address and we will present you with an estimated purchase price and monthly rent for your home.
Approve the sale
When you agree to the preliminary offer and terms, we order an appraisal on your home. You then sign a final sales and rental agreement.
Stress free close
We pay you up to 92% of the appraised value of your home and pay off your mortgage (if applicable).
Stay as long as you like. When you lease back….
We take care of:
- Homeowner’s insurance
- Maintenance and Repairs
- Homeowner Association
- Property Taxes
You take care of:
- Basic upkeep like lawn care
and snow removal
Take money off the table
Your home may have appreciated, and you want to cash in now and give yourself flexibility to move later, without worrying about the market conditions.
Sell and stay upon retirement
You may want to move after you retire, but you don’t have a specific property in mind yet. You can sell your house and you have the freedom to move when you’re ready, not when the housing market is ready.
Purchase or down payment on an adult community
Many developers require a significant down payment to secure a prime lot in a development, but if you’re not ready to move now and the property is still under construction, Figure Home Lease back gives you the money and time to secure your next home.
Best alternative to a reverse mortgage
Reverse mortgages are only available for people above a certain age. Figure Home Lease Back is available to homeowners in transition. At any age.
Questions? We’re here to help.
Are there any financial requirements?
Minimum credit score is 620. The financials tend to work best for those homeowners with little mortgage debt (0-30%).
Can I apply from any state?
Figure Home Lease Back is available in 12 markets: Atlanta, GA; Cincinnati, OH; Cleveland, OH; Dallas, TX; Houston, TX; Jacksonville, FL; Philadelphia, PA; Phoenix, AZ; Pittsburgh, PA; Reno, NV; San Antonio, TX; and Tampa, FL, but are expanding quickly.
How long can I lease back my home?
You can stay for as long as you like as long as you make your rent payments and are not otherwise in default under the lease. We require a minimum of a 1-year lease.