Home Equity Line of Credit Promotional Terms & Conditions

Up to 2% Cash Back Offer, Until May 30, 2026

These Terms and Conditions (“Terms”) govern participation in the Kin Financing, LLC (“Kin Financing”) for Figure Home Equity Line of Credit (“HELOC”) products promotional offer (the “Promotion”). By applying for a HELOC under this Promotion, you agree to be bound by these Terms.

Promotion and Cash Back Reward Overview

Eligible borrowers may receive a cash-back incentive of up to two percent (2%) of the funded loan amount, subject to the limitations and conditions set forth herein (“Cash Back Reward”), up to $2,000. The maximum Cash Back Reward available under this Promotion is $2,000 on a $100,000 loan.

Eligibility Requirements

To qualify for this Promotion, all of the following conditions must be satisfied:

The applicant must obtain a new HELOC originated by Kin Financing.
Applies to HELOCs issued by Figure Lending LLC d/b/a Figure www.figure.com NMLS ID 1717824
The loan must be secured by a primary residence located in the State of Florida.
The property must be owner-occupied; rental properties, second homes, vacation homes, and investment properties are not eligible.
The property must be covered by an active and in-force homeowners insurance policy issued by Kin Insurance, Inc.’s reciprocal insurer Kin Interinsurance Network at the time of application, closing, and funding.
The borrower must meet all credit, income, underwriting, and collateral eligibility requirements established by Kin Financing.
The loan must close and be funded within any timeframe specified by Kin Financing for the Promotion (if applicable).
Kin Financing reserves the right to determine eligibility in its sole discretion, consistent with applicable law.

Cash Back Reward Terms

The Cash Back Reward will be calculated as 2% of the funded loan amount, up to a maximum loan amount of $100,000.
The reward will be paid after loan closing and funding, typically within a commercially reasonable timeframe up to 60 days of loan closing and funding, subject to verification of all Promotion requirements.
Payment may be made via check, or other method determined by Kin Financing in its sole discretion.
The borrower must be in good standing at the time of disbursement, with no default, delinquency, or material breach of loan terms.
Offer expires June 30, 2026.

Limitations and Exclusions

This Promotion cannot be combined with any other offer, discount, rebate, or incentive, unless expressly authorized in writing by Kin Financing.
Only one Cash Back Reward per property and per borrower is permitted.
The Promotion applies only to new HELOC originations and does not apply to:
- Loan modifications,
- Refinances of existing Kin Financing products (unless expressly allowed),
- Assumptions or transfers.
The Cash Back Reward is not transferable, assignable, or redeemable for cash equivalents beyond the stated payment method.

Loan Approval and Conditions

All loans are subject to: Credit approval, Property valuation and eligibility, Title review, and Underwriting guidelines. Submission of an application or participation in this Promotion does not constitute a commitment to lend. Terms, rates, and approval are subject to change based on underwriting and market conditions.

Property and Insurance Requirements

The property must remain continuously insured under a Kin Insurance homeowners policy through closing and funding. Failure to maintain required insurance coverage may result in disqualification from the Promotion, and/or cancellation of the Cash Back Reward.

Tax Implications

The Cash Back Reward may be considered taxable income. Borrowers are responsible for determining any applicable tax obligations, and consulting their tax advisor. Kin Financing may issue applicable tax forms (e.g., IRS Form 1099) where required by law.

Early Termination or Clawback

Kin Financing reserves the right to withhold, deny, or recover (claw back) the Cash Back Reward if the borrower repays, refinances, or terminates the HELOC within 12 months of closing, the loan becomes delinquent or defaults within 12 months, or any fraud, misrepresentation, or violation of these Terms is identified.

Compliance with Law

This Promotion is void where prohibited and subject to all applicable, including federal laws (including Truth in Lending Act and Regulation Z), state laws and regulations, home financing licensing and lending requirements.

Modification or Termination of Promotion

Kin Financing reserves the right to modify, suspend, or terminate this Promotion at any time, substitute a promotion of equal or lesser value, or limit availability based on geographic, operational, or risk considerations. Such changes will not affect loans that have already closed and funded, unless required by law or due to borrower ineligibility.

Anti-Fraud

Any attempt to manipulate, abuse, or circumvent the Promotion, provide false or misleading information, or engage in fraudulent conduct, may result in disqualification, forfeiture of the Cash Back Reward, and potential legal action.

General Conditions

These Terms constitute the entire agreement regarding the Promotion.
Kin Financing’s decisions regarding eligibility and interpretation of these Terms are final and binding, subject to applicable law.
If any provision is found unenforceable, the remainder shall remain in effect.

Contact Information

For questions regarding this Promotion, please contact Kin Financing as follows:

Fred Bivins, Loan Officer
fred.bivins@kinfinancing.com
(888) 610-82206
Kin Financing, LLC