When Do Payouts Happen For Home Price Protection?

Home Price Protection payouts aren’t “as-needed” like an insurance claim—eligibility is checked at a specific point in time, and payment follows a set timeline.

When payouts happen (the simple timeline)

With Home Price Protection, your payout timing is tied to your contract’s Expiration Date. Here’s how it typically works:

• During the contract term: Home prices in your market are tracked against the protection threshold that was set when you enrolled.
• On the Expiration Date: Payout eligibility is assessed based on the contract terms (including whether the ending market value is below your trigger).
• After the Expiration Date: If you qualify, funds are sent to your designated external bank account via ACH—generally within 30 days.

One important detail: you don’t have to file a claim or sell your home to receive a cash distribution. If the contract conditions are met, the payout is intended to help offset the market’s decline, and the money is yours once paid (no clawbacks if prices later rise).

 

What determines whether you qualify at payout time?

Eligibility is based on the contract’s defined “ending” value versus your pre-set trigger at the Expiration Date. In plain English, if the market measure used by the program ends below your trigger at the end of the term, you may be due a payout. Because the payout decision is made at the end of the term, keeping your contract details (especially your ownership status and payout delivery information) up to date matters.

Also, to be eligible for a payout, you typically must be the owner of the covered property in the specified market as of the Expiration Date. That’s why selling before the end of the term can affect eligibility—even if prices dropped during the contract period.

If you want a full overview of how this benefit is structured with your mortgage experience, see Home Price Protection.

 

Frequently Asked Questions

Do I have to file a claim to get a Home Price Protection payout?

No. Home Price Protection is designed so you don’t have to file a claim to receive a payout if contract conditions are met.

Do I have to sell my home to receive the payout?

No. A payout can be issued without selling your home. The program is based on market movement and contract terms, not on proving a loss after a sale.

When is payout eligibility actually determined?

Payout eligibility is assessed on your contract’s Expiration Date, using the contract’s defined ending value versus your trigger.

How long after the Expiration Date will I receive the money?

If you qualify, the funds are typically transferred via ACH to your designated external bank account within 30 days following the Expiration Date.

How will my payout be delivered?

Payouts are generally delivered via ACH to the external bank account you’ve designated for the contract.

Can I receive more than one payout?

Eligibility is assessed on the Expiration Date for a given contract term. Depending on the program’s renewal structure and your future terms, you may be eligible again in a later term—each term is evaluated based on its own contract conditions.

What happens if home prices fall mid-term but rebound before the term ends?

Because eligibility is assessed on the Expiration Date, what matters is the contract’s ending value at that time versus your trigger—mid-term dips don’t automatically guarantee a payout if prices recover by the end.

If I receive a payout and prices later rise, do I have to pay it back?

No. Once you receive a payout, it’s yours. The program is structured without clawbacks due to later price increases.

What if I sell the home before the Expiration Date?

Selling before the Expiration Date may affect eligibility, because eligibility typically requires you to be the owner of the covered property as of the Expiration Date. If you’re considering selling, it’s smart to review timing and terms before you list.

What should I do to avoid payout delays?

Make sure your payout delivery details (like your designated bank account) remain accurate, and keep an eye on your contract’s Expiration Date so you know when eligibility is assessed and when ACH timing begins.

 

Conclusion

Home Price Protection payouts happen on a predictable schedule: eligibility is assessed on the contract’s Expiration Date, and if you qualify, funds are typically delivered via ACH within about 30 days. The best way to stay payout-ready is to understand your Expiration Date, maintain ownership through that point, and keep your payout delivery information current.