Did you know that homeownership investors help with downpayments
Homeownership investors help with downpayments
A buying program called “homeownership investors” can help buyers purchase a larger home than they could otherwise afford or, in some cases, help a buyer qualify for a home he or she could not afford otherwise.
On the front end, the process simply gives homebuyers money towards a downpayment – money that doesn’t have to be paid back either though monthly payments or even interest as long as the buyer lives in the home. The extra money can help a buyer upgrade to a bigger property or pay less per month on the mortgage since the total loan amount will be less.
However, homeownership investors consider the money exactly that – their money invested for potential return. In exchange for loaning the money, they expect to be paid back at the time the buyer eventually sells the home, and they also expect a percentage of any equity increase in the property.
While the program may help buyers upfront, long-term owners, upon sale, will find that they have less money toward retirement or other life goals after they pay back the initial loan and the percent of equity they agreed on.
One of the first companies to invest in homeowners is FirstREX, which recently changed its name to Unison. Its flagship program is called Unison HomeBuyer. It says the program is now “available to more first-time, millennial and move-up buyers across the country.”
Unison provides up to half of the downpayment required on a home as a loan with no monthly payments or interest. The company says it hopes to earn a return on its investment by sharing in the appreciation when the homeowner eventually sells, but if the home’s value decreases, Unison will also share in the loss.
Source : Florida Realtors
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$795,000
Gasparilla Island Unrecorded
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3 BEDS3 BATHS2418 SQFTShare this Property -
$350,000
Montura
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3 BEDS2 BATHS1404 SQFTShare this Property -
$439,000
Montura
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3 BEDS3 BATHS2028 SQFTShare this Property -
$160,000
Clewiston
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2 BEDS1 BATHS800 SQFTShare this Property -
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4 BEDS2 BATHS2092 SQFTShare this Property -
$399,900
Montura
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4 BEDS2 BATHS2130 SQFTShare this Property -
$225,000
Clewiston
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2 BEDS2 BATHS1282 SQFTShare this Property -
$869,900
Not Applicable
Courtesy of KW Peace River Partners
3 BEDS3 BATHS2210 SQFTShare this Property -
Reduced$315,000
General Plan Of Clewiston
Courtesy of Rawls Real Estate
2 BEDS3 BATHS2001 SQFTShare this Property -
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Ridgeview Estates
Courtesy of Innova Real Estate Corp
6 BEDS4 BATHS4117 SQFTShare this Property -
$400,000
Montura
Courtesy of Xclusive Homes LLC
3 BEDS2 BATHS1638 SQFTShare this Property -
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One
Courtesy of Charming Homes Realty LLC
3 BEDS2 BATHS1032 SQFTShare this Property