The Agency Reframe

Think of Notable as your secret weapon in the home-selling process. We’ve teamed up with The Agency to offer The Agency ReFrame, which provides financing for property improvements before listing.

To qualify for The Agency ReFrame, you need to work with The Agency and have a residential home to sell with a listing price of up to $3 million ($4 million in CA, NY, and WA). You must be a U.S. resident and either own the property or have the authority to represent the owners.

As part of the process, you will undergo a soft credit check and need to meet some basic underwriting criteria, sufficient equity in your home, and a good credit history. We also check for any recent unresolved bankruptcies.⁴

Once approved, you’ll need to start using your loan funds within 60 days. You have a generous 180 days after the loan is originated to make use of the funds. This provides ample time to complete your home improvements!

Every application is carefully reviewed based on individual factors, credit approval, and underwriting. Well-qualified applicants may be approved for loans up to $50,000, offering flexibility to meet various needs. Actual loan amounts may vary based on your creditworthiness and/or the list price of your property.

You will have 12 months from the loan origination date to repay the drawn funds, fees, and any interest accrued. However, the loan will need to be accelerated and repaid sooner if any of the following events occur:

Closing of the home sale: Once your home is sold and the deal is completed, the The Agency ReFrame loan will be accelerated, meaning the drawn principal, fees, and any accrued interest will be due.

Termination of the listing agreement: If you decide to end your listing agreement and don’t start a new one, the loan will also be accelerated. This means the drawn principal, fees, and any accrued interest will need to be repaid. If your agent terminates the listing agreement, you will have 12 months from loan origination to repay unless the home is sold or Notable otherwise accelerates your loan according to the terms of your loan agreement.

Impermissible use of loan funds: If the loan funds are used for purposes other than home improvements, such as vacations or new gadgets, Notable reserves the right to accelerate the loan. This means the drawn principal, fees, and any accrued interest become due.

There may be other events that could lead to acceleration, as outlined in your loan agreement. We’re here to assist you through every step of the process!

Interest rates range from 8.99% to 16.99%, depending on your current FICO score. Notable’s interest rates are typically about 1.5 to 3 times lower than standard credit card rates. Interest applies only to the outstanding principal amount, accruing from the moment of disbursement (when you use the funds) until the amount due is fully repaid.

Notable uses soft credit checks, so your credit score won’t be affected during the application process. The Agency ReFrame loans are personal and unsecured, meaning there’s no lien on the property. Additionally, we won’t report the loan to the credit bureau until after the loan is due.

As long as it’s related to the sale of your home, you’re good to go! From painting to landscaping, moving to storage, you can use your funds to enhance your home and make it a buyer’s dream property.²

Accessing your loan funds is simple! You can request an ACH direct disbursement to your personal bank account on file with Notable or have us send a check directly to your vendor.

To ensure a smooth process, we’ll need a copy of the vendor invoice or receipt. After reviewing and approving, we’ll send the funds your way. For larger projects with a payment schedule or if you need a deposit, submit statements of work outlining each scheduled payment, and we’ll release the funds accordingly.

We’re here to support you every step of the way, so feel free to reach out if you have any questions or need assistance!

Notable cannot increase existing loan amounts. If you need a higher amount, you would need to cancel your current loan, repay the balance in full (including any fees and accrued interest), and then reapply for a new loan with the higher amount.

Please be aware that you would need to go through the full underwriting process again and might be asked to provide additional documentation. Reapproval is not guaranteed.

Once your closing date is set, let us know by email or phone. We’ll send a final payoff statement and, if needed, an escrow demand along with clear repayment instructions.

For repayment, you have options! You can repay through escrow, which we highly recommend for a smooth process, or directly to us via wire transfer, ACH transfer, or by mailing a check.

If you terminate the listing agreement and don’t re-execute a new one within ten days, the loan will accelerate, and the full amount will become due.

If the agent or brokerage terminates the deal but you still intend to sell, the loan funds will be due twelve months from loan acceptance or when the home sells.

If the home doesn’t sell within twelve months, the loan funds will still be due twelve months from loan acceptance. There’s no lien on the home, but interest will continue to accrue and late fees may apply until the loan funds are fully repaid.