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Frequently Asked Questions


	What is the program?	Do we need a new appraisal?
	Who is running the program?	Should I enter into the HPG contract if I have PMI?
	How does the program work?	What is the duty to notify?
	What price range of homes will be considered?	What happens if the homeowner refinances their mortgage?
	Do I need to have any equity in my home?	Is there a waiting period?
	Are there different prices for different states or cities?	Why is there a waiting period?
	How much does it cost?	How will HPG be able to make my payment?
	Is financing available?	How is payment made?
	How many years does my HPG contract run?	Is the HPG contract tax deductible?
	I own for more than 3 years and am ready to sell.	Are payments from HPG taxable?

What is the program?
Home Price Guarantee offers a contract that allows you to buy your home with the confidence that you will be protected from an extreme price decline.

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Who is running the program?
Home Price Guarantee is a privately held Real Estate Investment Corporation with headquarters located at 316 California Avenue, Suite 941 Reno, NV 89509.

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How does the program work?
The HPG contract provides financial protection for you in the event that your home value has a large decline between the time you purchase the protection and the time you sell your home. There is a one time fee of 1.25% and there are no continuing premiums.

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What price range of homes will be considered?
Homes must be priced from $150,000 to $2,500,000

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Do I need to have any equity in my home?
You need to have 10% or more down on the home loan.

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Are there different prices for different states or cities?
No, the pricing is the same for every city and state. HPG does reserve the right to change pricing for future contracts.

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How much does it cost?
There is a one time fee of 1.25% of the purchase price of the home. There are no continuing fees.

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Is financing available?
Yes. HPG offers financing.

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How many years does my HPG contract run?
Protection is available for a 10 year period or until you sell your home whichever occurs first.

If you own your home for more than 3 years and you are ready to sell:
If the current fair market value of your home is less than 90% of your original purchase price, HPG will either purchase the house at 90% of the original purchase price or pay you the difference between 90% and your selling price at current market value.*

Example: More than Five Years:
If you buy a home for $300,000 and you resell it at fair market value for $200,000. HPG will pay you $70,000.
(90% of $300,000 less $200,000 = $70,000)

Do we need a new appraisal?
No, HPG will use the purchase price of your home. The purchase price must be at or under fair market value. Most banks require an appraisal of the fair market value of the home before approving your home loan.

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Should I enter into the HPG contract if I have PMI?
Yes. PMI is insurance that lenders normally require from most homebuyers who obtain loans with less than a 20 percent down payment. PMI protects the lender against loss if a borrower defaults on a loan. PMI pays you nothing if the value of your home is lower when you are ready to sell. With the HPG contract your home is shielded from a dramatic decline in real estate values.

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Who can sign up for this program?
New purchases of primary residences only. Homes must be priced from $150,000 to $2,500,000 with a minimum of 10% or more down payment on the loan.

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What is the duty to notify?
If the Home Owner(s) list their Home for sale they shall notify HPG of the listing and list price as well as the price they originally paid for the Home (Listing Notice).

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What happens if the homeowner refinances their mortgage?
The HPG contract remains in full force and effect.

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Is there a waiting period?
Homeowners must live in their home for a 3 year waiting period after purchasing their home.

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Why is there a waiting period?
There are several reasons why we require a waiting period. The HPG contract is not intended to encourage home speculation. A three year holding period coincides with the current holding time for a tax break. Finally, the presence of the waiting period enables us to keep the fees affordable.

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How will HPG be able to make my payment?
HPG has private capital investments and can use these funds in addition to fees collected from a diversified portfolio of contracts from around the country. By nationally diversifying the areas that HPG offers contracts, we greatly reduce the impact of a decline in value in specific areas.

The availability of returns on invested capital reserves, surety bonds, credit lines and additional private capital if needed, provide for added company stability.

If necessary, Home Price Guarantee will limit the number of customers entering into contracts to be sure that there is adequate capital on hand.

Although every company has risks, using research from leading economists at Yale University, New York University and other esteemed institutions, HPG has constructed a capital reserve policy designed to keep HPG solvent even through severe price declines.

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How is payment made?
Payment is made via a check or a bank wire.

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Is the HPG contract tax deductible?
Please speak to a tax professional about the tax deductibility of Real Estate options.

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Are payments from HPG taxable?
Please speak to a tax professional about HPG contract proceeds being considered part of the sale proceeds of the home.

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* Terms and conditions apply. Please read the contract for details.