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  Haus

Haus

in Shared Equity Agreements from Haus Services Inc.

Unaffiliated

Haus

Unaffiliated

in Shared Equity Agreements from Haus Services Inc.

Net Recommendation Score -100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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Shared Equity Use Case Equity Cash-Out
Investment Range $ N/A
Investment Range % 0% - 80%

Haus Review

Haus is offered by Haus Services Inc., a financial services company founded in 2015 and based in San Francisco, CA. Haus is available in 3 states across the USA.

Key Takeaways
  • Discounted monthly payments. Instead of mortgage payments, you make a discounted monthly payment to Haus.
  • 10-year term. The investment has a contract term of 10 years, at which time you'll need to settle up with Haus Services Inc.. You can do so by paying them in cash, getting cash-out refinancing, selling your home, or partnering with Haus Services Inc. for another term.
  • Cash-out only. Existing homeowners can access up to 80% of their property's value without taking on debt. Funds can be used for anything, from paying off debt, renovating or retirement.
  • Only available in select states. Haus is currently available in 3 states.
  • Fair credit accepted. If you have a credit score of 650 or higher, you may qualify for a shared equity agreement with Haus.
Haus Pros & Cons
Pros Cons
  • You can increase your ownership when you want.
  • Haus invests in both single-family homes and condominiums.
  • Considers homeowners with a debt-to-income ratio of up to 45%.
  • Only available in California, Oregon, and Washington.
Haus FAQ

How does the Haus product work?

A shared equity agreement (also called a shared appreciation agreement or shared equity contract) is essentially a way to sell a small fraction of the equity in your home to an investment company.

As a home equity loan alternative, the Haus product allows you to tap into the equity in your home without the monthly payments that come from a traditional home equity loan or line of credit. This product is especially useful for those that have significant home equity available and are looking for a flexible way to access cash for uses such as a home improvement project or to eliminate debt.

The transaction is secured like a loan but you won't be paying Haus Services Inc. a monthly loan payment with interest. Instead, if your home goes up in value, Haus Services Inc. will share in the gain; if it goes down, they share in the loss.

How much will Haus Services Inc. invest into a shared equity agreement?

The Haus program offers equity investments that range from 0% up to 80% of a property's market value. As you might expect, Haus Services Inc. has a cap on the amount of funding they will invest in a single home.

Haus Terms & Requirements
Investment Term Amount
Equity Investment Range 0% - 80%
Maximum Debt-to-Income Ratio 45%

What are the costs associated with Haus?

Unlike loans, the costs associated with shared equity investments are not based on an interest rate. There are no monthly payments or accrued interest. Instead, Haus Services Inc. shares in the change in value of your property. If your property value goes up, Haus Services Inc. gets a share. If the value drops, Haus Services Inc. shares in the losses. They get their money back when you sell your home or the contract term ends – and they typically only make a profit if you also make a profit.

Haus Fees
Description
Closing Costs ($) $2,000

What are the terms for a shared equity investment via Haus Services Inc.?

You can use the funds provided by Haus for up to 10 years. After 10 years, you will need to either return the investment, sell, refinance, or try to partner with Haus Services Inc. for another term. Once the contract term ends you can return the remaining investment, sell, refinance, or partner with Haus Services Inc. for another term.

To buy Haus Services Inc. out, you would need to pay back their original investment plus or minus their share of your home’s change in value.

How long does it take to close a deal with Haus Services Inc.?

Haus does not disclose how long it typically takes to approve and fund a shared equity agreement.

What types of property does Haus Services Inc. consider?

Shared equity investors often have restrictions on the type of properties they will invest in. Haus will consider shared equity agreements secured by the following property types:

  • Primary home
Haus Disclosure: Haus is not a lender. Haus invests with owners, sharing some of the upside (or downside) if they sell. In exchange for sharing some equity, homeowners get real-time access to their equity and significantly lower monthly payments than with a bank. Your monthly payment with Haus replaces your mortgage payment.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Haus

Haus is a technology company providing a more flexible and affordable way to own and manage your home. Rather than lending money like a bank, Haus invests with owners in their homes. This co-investment model offers real-time access to equity and significantly lower monthly payments, compared to a traditional mortgage. Haus allows homeowners to buy more equity anytime, building equity at an accelerated rate, or cash out, with funds delivered within days, not weeks. Homeowners may also terminate the contract early for any reason without fees.

Contact

About Haus

Availability

  Available in 3 states
  • California
  • Oregon
  • Washington

Feature Breakdown

Closing Costs ($) $2,000
Credit Score Range 650 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
  • U.S. Temporary Resident Visa Holders
  • Non-Resident
  • Non-Residents Through Entities Incorporated in the U.S.
Intended Use Primary Home
Joint Loan Applications Accepted
  • Co-borrower
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
  • Tax Returns
Shared Equity Use Case Equity Cash-Out
Investment Range % 0% - 80%
Mortgage Features Instant Online Preapproval

Haus Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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