Down Payments Holding You Back? Home Buying Hack: Silent Investors!

Posted on February 15, 2020. Filed under: First Time Buyer help, Homeownership, Owning Despite Student Debt |

Ready to Own a Home?

Owning a home is the American Dream yet this dream has become more and more challenging to achieve. With the increasing burden of student loan debt, high interest rates, rising rent costs, and a competitive housing market – it seems impossible to purchase your first home on your own.Screen Shot 2020-02-15 at 8.51.14 PM

The costs of owning a home go beyond what you can afford in a monthly payment. Monthly mortgage payments and interest rates depend on how much you can afford for the down payment. But how can you afford a down payment when the cost of living continues to rise? The upfront costs associated with purchasing a home often intimidate people from owning a home. The ease of transferring rental deposits from rental company to rental company seem easier when comparing upfront costs. So, how do you secure your dream home that could be a great investment for your future, without cashing out all of your assets or taking out MORE loans?

Insert Unison!

Unison is a San Francisco-based company that helps homebuyers get the home they want by providing them with the money they need to AFFORD the down payment.  Screen Shot 2020-02-15 at 8.52.03 PMUnison shares the down payment cost with you, lowering your upfront costs, reducing your overall mortgage loan, while also lowering your monthly payments. The money is given to homebuyers in the form of an investment, its NOT a loan! That’s right – that means you have no monthly obligations to Unison – interest free! Imagine walking into your dream home and having confidence that you can afford it. 

How It Works: Unison Invests in Your Home

  • Unison helps you purchase a home by giving you money to put towards your down payment (contributions ranging from 5-20% of the homes value).
  • You don’t owe Unison any money until you decide to sell your home. Yup, no monthly obligations, no interest, no extra loans!
  • Once you decide to sell your home, you send Unison a single payment equal to the initial investment offer. If your house has increased in value (appreciated) or decreased value (depreciated), Unison will add or subtract the difference.
    • If your home appreciates, you’ll make a payment to Unison equal to the original amountUnison provided for the down payment + (or -) the appreciation value.

View Unison’s approved lenders here.


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