Your City
Access your equity.
Stay in your home.
A clear plan, laid out step by step: the funding you asked for, your home stays your home, and a locked in price to refinance or sell when you are ready.
- Prepared for
- Sample Homeowner
- Date
- October 5, 2026
- Property
- 123 Example Street, Your City, ST
- Funding
- $75,000.00
- Goal
- Access your equity and stay in your home
- Term
- Up to 24 months
Illustrative sample. All names, places and figures are shown for demonstration only.
Where you are today.
Your funding request has been conditionally approved through the Vestead program. Here's exactly how it works, what you receive, and how you keep control of your home's value.
- Prepared for
- Sample Homeowner
- Property
- 123 Example Street, Your City, ST
- Date
- October 5, 2026
- Funding requested
- $75,000.00
Your plan, in three parts.
You access your equity now, stay in your home, and hold a locked in option to refinance or sell, with any upside remaining yours.
How it works.
Three simple pieces work together, so you can stay in your home while your plan runs its course.
Your home is placed in a land trust
For the security of both parties, the deed is held in a trust that exists solely for this transaction and dissolves upon refinance or sale. You and Vestead are the trust's beneficiaries: you keep equitable title and the right to live in your home, and Vestead holds a beneficial interest equal to the refinance amount.
The Trust issues you a lease
The Trust issues you a lease agreement that grants you full possession for up to 24 months. Your lease payments are prepaid and built into the transaction, with nothing new out of pocket each month. Any prepaid months you don't use are prorated to your sale date and credited back.
You hold a binding option to refinance, or sell
A binding Option Agreement locks in your price. At any point in the term you can refinance your home and pay off the Trust at the locked in option price, or sell it to a third party. If you sell, you receive the net proceeds above the option price. Either way, the property is sold no later than 24 months.
If the collateral must be liquidated to satisfy the terms, Vestead and/or its affiliates are entitled only to the amount agreed upon. Any equity above the refinance amount belongs to you. Any appreciation in the value of the property also belongs to you.
This is not a personal loan, mortgage, land contract or otherwise. You should consult with an attorney to understand your rights and obligations under the contemplated transaction. You may also wish to consult with a financial, tax, or real estate professional prior to signing this proposal or the purchase and sale agreement.
Your numbers.
All figures are estimates, subject to change based on final title, insurance, and tax costs. Property: 123 Example Street, Your City, ST.
Term: 12 months with an automatic 12 month extension (Year 2). During Year 2, all fees and payments are prorated until the time of sale (see the schedule on the next page).
Your path forward.
Payments are prepaid at closing. After 12 payments, anything unused is prorated to your sale date and credited back.
Your path to financial wellness
Up to 24 monthsClosing
Funding:
$75,000.00
Month 12
Option price Year 1:
$124,477.92
Months 13 to 24
Automatic extension, prorated monthly
Month 24
Sold or refinanced no later than
If you refinance early
Unused prepaid months are prorated to your sale date and credited back to you: you only pay for the time you use.
Monthly proration is the sum of your annual option fee, your second year insurance cost, and your monthly payment cost, estimated at $3,199.45 per month during Year 2, applied only until the time of sale.
Review and initial.
This restates the figures on the prior pages so they're easy to follow. Please review each line and initial to confirm your understanding.
† This estimated net cash is an approximation and is not the final amount you will receive. Your final net cash is reduced by any amounts paid from your (the Seller's) proceeds at closing, including any delinquent or unpaid (“back”) property taxes you owe and any liens, payoffs, or closing costs not already reflected above. The controlling figure is the net shown on the Settlement Statement (ALTA or HUD) prepared by the closing attorney or title company, which governs at closing.
Terms and signature.
Terms & disclosures
All terms in this proposal are estimated and subject to change based on market pricing of title services, insurance costs, and tax rates. Seller will pay prorated property taxes at closing.
Seller has the option to renew the Lease Agreement and the Repayment Fee Option Agreement for an additional one (1) year, for a total term of up to two (2) years. Fees charged in year one are prorated on a month to month basis in year two until the time of sale. All fees related to the Option Agreement are deferred and paid upon exercising the Option Agreement at closing, by purchase or sale of the property.
In the event the property is liquidated due to a default, the client agrees to a 2% fee based on the final sale price. This fee will be deducted from the proceeds of the sale.
Settlement statement review
The Settlement Statement (ALTA or HUD) prepared by the title company or closing attorney reflects the final figures. It is your responsibility to review it carefully to ensure all charges, credits, and terms are accurate. If you disagree with any amount, contact your sales representative before signing any closing documents. By proceeding to closing, you acknowledge you had the opportunity to review the Settlement Statement and agree with the final terms.
Property access & timeline
During the review period and prior to closing, you agree to grant Vestead (or a designated third party) access for inspections and interior and exterior photographs, to ensure accuracy and facilitate closing. After you submit this information, we send a purchase agreement; once signed, title work begins. Funding typically occurs within 30 to 45 days and can close in as few as 14 days depending on title work. This is an arms length transaction; if both parties do not agree to the final terms, neither is obligated to proceed.
I/We, the undersigned, hereby agree to the terms and conditions of this preliminary conditional proposal as set forth herein. I/We have the authority to sign this Proposal on behalf of the related entities.