Financing Information and Disclosures

KDI Building Developments Inc. (“KDI”) may provide customers with access to financing or pay-over-time options offered by independent third-party providers.

These disclosures apply to financing information presented by KDI Building Developments Inc. and its authorized operating names and divisions, including ForgePoint Building and Remodeling, a KDI Building Developments Inc. company.

1. KDI Is Not a Lender

KDI is a licensed construction contractor—not a bank, lender, loan broker, credit-repair organization, financial advisor or financing company.

KDI does not:

• Make or fund loans
• Extend consumer credit
• Determine applicant eligibility
• Approve or deny applications
• Establish interest rates or annual percentage rates
• Determine loan amounts
• Establish repayment terms
• Determine required down payments
• Perform lender underwriting
• Guarantee approval or funding
• Guarantee a particular monthly payment
• Provide financial, tax or legal advice

All financing products are offered, underwritten and administered by independent third-party providers and their participating lending partners.

2. Available Financing Providers

Depending on provider availability, project type and customer eligibility, KDI may provide access or referral links to financing options offered through:

• Affirm
• Figure
• GreenSky
• Hearth
• Other independent financing providers approved by KDI

The availability of a provider on KDI’s website, estimate, proposal or customer portal does not guarantee that the provider will accept an application, approve financing or offer a particular product.

KDI may add, remove or replace financing providers without advance notice. Changes will not alter a financing agreement already entered into directly between a customer and a financing provider.

3. Available Financing Products

Third-party financing products may include:

• Buy-now-pay-later payment plans
• Personal home-improvement loans
• Home-equity lines of credit
• Fixed-rate loan options
• Deferred-interest plans
• Promotional interest-rate programs
• Other consumer-financing products

Not every financing product is available to every applicant, project, property or transaction.

Available products, rates and terms depend on the applicable provider and participating lender.

4. Application and Approval

Customers apply directly through the applicable third-party provider.

Financing is subject to:

• Application
• Identity verification
• Credit review
• Income verification
• Employment verification
• Property or home-equity requirements
• Transaction amount
• Provider underwriting
• Participating-lender requirements
• Applicable law
• Other provider-specific conditions

Approval is not guaranteed.

A preliminary eligibility result, prequalification or conditional approval is not a final commitment to lend. Final approval may require additional documentation or verification.

5. Credit Inquiries

Some providers may allow customers to review potential options or check preliminary eligibility using a soft credit inquiry that ordinarily does not affect a credit score.

Accepting an offer, completing an application or finalizing a loan may result in a hard credit inquiry and may affect the applicant’s credit.

The applicable provider—not KDI—determines:

• Whether a credit inquiry is required
• The type of credit inquiry performed
• When the inquiry occurs
• The credit-reporting agencies contacted
• Whether payment activity is reported

Customers should review the provider’s current disclosures before submitting or completing an application.

6. Rates, Fees and Repayment Terms

Interest rates, annual percentage rates, origination fees, repayment periods, down payments and other loan terms are determined solely by the applicable provider and participating lender.

Available terms may depend on:

• Credit history
• Credit score
• Income
• Employment
• Debt obligations
• Requested loan amount
• Property value
• Available home equity
• Loan-to-value ratio
• Project amount
• Loan duration
• State of residence
• Provider underwriting criteria

Any rates, loan amounts, terms, approval times, funding times or payment examples displayed on KDI’s website are general informational summaries based on information supplied by the provider. They are not offers or guarantees from KDI.

The provider’s application, disclosures and final financing agreement control.

7. Promotional Financing

From time to time, a financing provider may offer promotional terms, which may include:

• 0% annual percentage rate offers
• Reduced-rate financing
• Deferred-interest plans
• Extended repayment terms
• Other promotional payment options

Promotional financing is subject to provider approval and specific terms.

Customers should carefully review:

• The promotional period
• The standard or post-promotional rate
• Whether interest accrues during a deferred period
• What happens if the balance is not paid by the deadline
• Minimum-payment requirements
• Late-payment consequences
• Origination or transaction fees
• Any prepayment terms
• Other conditions that may affect the total repayment amount

KDI does not determine or interpret a provider’s financing terms.

8. Estimated Monthly Payments

Any monthly payment shown on KDI’s website, estimate, proposal, advertisement or customer portal is an illustrative estimate unless it is contained in a final financing agreement issued by the provider.

Actual payments may differ based on:

• Approved amount
• Interest rate
• Annual percentage rate
• Repayment term
• Down payment
• Fees
• Creditworthiness
• Provider requirements

An estimated monthly payment is not a loan offer, approval or guarantee.

Only the financing provider’s final written agreement establishes the customer’s actual payment obligations.

9. Financing and the KDI Construction Agreement

The financing agreement and the KDI construction agreement are separate legal agreements.

The construction agreement governs:

• Project scope
• Contract price
• Payment schedule
• Change orders
• Construction obligations
• Project schedule
• Warranty
• Customer payment responsibilities

The financing agreement governs:

• Loan or credit amount
• Interest rate
• Annual percentage rate
• Financing fees
• Repayment obligations
• Credit reporting
• Default
• Other lending terms

Unless the KDI agreement expressly contains a written financing contingency, the customer’s inability to obtain financing does not automatically cancel, suspend or modify the KDI agreement.

Customers should not execute a KDI agreement unless they understand the payment obligations and have an acceptable method of funding the project.

10. Customer Payment Responsibility

The customer remains responsible for all amounts due under the KDI agreement regardless of:

• Financing approval or denial
• Delayed financing
• Reduced loan amount
• Provider processing delays
• Financing expiration
• Withdrawal of an application
• Changes in rates or terms
• Failure to satisfy provider requirements
• Disputes between the customer and financing provider

An approved financing amount may be less than the KDI contract price. The customer is responsible for any difference unless KDI agrees otherwise in writing.

11. Financing Proceeds

The method and timing of funding depend on the provider.

Depending on the financing product:

• Funds may be paid directly to the customer.
• Funds may be paid directly to KDI.
• Funds may be released in installments.
• Provider authorization may be required before disbursement.
• Funding may be subject to project milestones or customer approval.

KDI is not responsible for a provider’s funding delay, processing decision or disbursement schedule.

KDI may delay mobilization, procurement or continued work until the required payment has been received and cleared according to the KDI agreement.

12. Construction Deposits and Payment Schedules

Financing availability does not change California requirements applicable to residential home-improvement contracts.

KDI’s construction down payment and progress-payment schedule will be stated in the written construction agreement and administered according to applicable law.

A financing provider’s approval for a larger amount does not authorize KDI to collect a construction down payment greater than permitted by law.

13. Change Orders and Additional Costs

Financing approval for the original project does not guarantee financing for:

• Change orders
• Customer-requested upgrades
• Concealed conditions
• Material price changes
• Additional labor
• Additional permits
• Additional professional services
• Other costs outside the original scope

The customer is responsible for arranging payment for approved additional work.

KDI is not responsible if the financing provider declines to increase the approved amount.

14. Cancellation, Refunds and Credits

Cancellation of a KDI agreement does not automatically cancel a financing agreement.

Cancellation of a financing agreement does not automatically cancel a KDI agreement.

Customers must separately comply with the cancellation requirements of:

• The KDI agreement; and
• The financing provider’s agreement

Refunds or credits issued by KDI will be handled according to the KDI agreement, applicable law and the financing provider’s procedures.

When financing proceeds were paid directly to KDI, any approved refund may need to be returned to the provider rather than paid directly to the customer.

KDI will not issue a refund contrary to the provider’s instructions or applicable law.

15. No Financial Advice

Information provided by KDI concerning financing is for general informational purposes.

KDI does not advise customers regarding:

• Whether they should borrow
• Which financing product is best
• The tax treatment of interest
• The effect on credit
• The effect on home equity
• The affordability of repayment
• Refinancing or consolidation
• Legal rights under a financing agreement

Customers should review the provider’s disclosures and consult an independent financial, tax or legal professional when appropriate.

16. Privacy and Financing Applications

Financing applications are submitted directly to independent providers.

The provider’s privacy policy governs the information submitted through its application, including:

• Social Security number
• Income
• Employment
• Credit history
• Bank information
• Property information
• Identity-verification records

Customers should not send financing credentials or complete credit applications to KDI through email, text message, general website forms or the customer portal unless KDI specifically requests limited information through an approved secure process.

KDI may receive limited information from a provider concerning:

• Application status
• Approval status
• Approved amount
• Funding status
• Transaction authorization
• Information reasonably necessary to coordinate payment

KDI’s handling of information it receives is subject to KDI’s Privacy Policy.

17. Independent Provider Terms

Each financing provider operates under its own current terms, disclosures and privacy policy.

Customers should review the applicable provider information before applying:

Affirm

Review Affirm payment information and disclosures

Figure

Review Figure Home Equity Line information

Review Figure disclosures

GreenSky

Review GreenSky financing information through Houzz Pro

Hearth

Review Hearth financing information

If information on KDI’s website differs from the provider’s current disclosures, the provider’s current disclosures and final financing agreement control.

18. No Endorsement or Guarantee

KDI’s inclusion of a financing provider does not constitute:

• A guarantee of the provider’s services
• A guarantee of approval
• An endorsement of a particular loan
• A representation that a product is appropriate for every customer
• A guarantee concerning the provider’s continued availability
• A guarantee concerning provider security or performance

Customers are responsible for evaluating the financing provider and offered terms before accepting financing.

19. Changes to Financing Availability

KDI may modify, suspend or discontinue access to a financing provider prospectively.

Provider programs, rates, terms, limits and eligibility requirements may change without notice from KDI.

Changes to KDI’s financing options do not modify a final financing agreement already entered into directly between the customer and a provider.

20. Relationship to Other KDI Terms

These Financing Information and Disclosures supplement:

• KDI’s Privacy Policy
• KDI’s Promotional Offer Terms and Conditions
• The applicable construction, design or service agreement
• The financing provider’s disclosures and agreement

If there is a conflict:

• The provider’s final financing agreement controls the loan or credit terms.
• The signed KDI agreement controls the construction or design services.
• These disclosures control KDI’s general financing representations.

21. Governing Law

These Financing Information and Disclosures are governed by applicable federal law and the laws of the State of California.

Nothing in these disclosures limits a right or remedy that cannot lawfully be waived.

22. Contact KDI

Questions about KDI’s available financing links may be directed to:

KDI Building Developments Inc.

3600 Lime Street, Building 2

Riverside, California 92501

CSLB #1137039

Licensed • Bonded • Insured

Email: [email protected]

Telephone: 1-800-928-0972

Questions concerning an application, approval, interest rate, repayment term, credit inquiry or financing account must be directed to the applicable financing provider.