Unison HomeBuyer

Unison HomeBuyer

in Shared Equity Agreements from Unison


Unison HomeBuyer


in Shared Equity Agreements from Unison

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Shared Equity Use Case Mortgage Down Payment
Investment Range $ $15,000 - $450,000
Investment Range % 5% - 15%

Unison HomeBuyer Review

Unison HomeBuyer is offered by Unison, a financial services company founded in 2006 and based in San Francisco, CA. Unison HomeBuyer is available in 28 states (and Washington, DC).

Key Takeaways
  • Long contract terms. Unison HomeBuyer offers a contract term of 30 years, which provides homeowners with plenty of flexibility. Most home equity investors have a maximum term of 10 years.
  • Share of home appreciation. Unlike most shared equity investors, Unison HomeBuyer's return depends on your home's appreciation rather than the home's entire value. When the contract ends, the buyback cost will be the original investment plus 16.5% to 57.8% of the home's increase in value. If your home has lost value, Unison HomeBuyer will also share in the loss.
  • Only available in select states. Unison HomeBuyer is currently available in 28 states.
  • Good credit required. You will need a credit score of at least 680 to qualify for Unison HomeBuyer.
Unison HomeBuyer Pros & Cons
Pros Cons
  • Avoid paying a private mortgage insurance (PMI).
  • Unison is available in more states than most shared equity investors
  • Considers homeowners with a debt-to-income ratio of up to 43%.
  • Longer repayment periods.
  • Large investment amounts available.
  • The amounts are lower than the loan amounts available with a HELOC.
  • Luxury properties may not be eligible.
  • Unison won't share any losses with you if you sell your home in the first 3 years.
Unison HomeBuyer FAQ

How does the Unison HomeBuyer 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.

The Unison HomeBuyer product supports home purchase down payments. Unison aims to help more people afford to buy a home. Rather than giving you a loan, they invest alongside you in your home by matching up to 50% of your down payment. Through the Unison HomeBuyer product, Unison helps to finance your mortgage down payment in exchange for a share of the home’s future appreciation.

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

How much will Unison invest into a shared equity agreement?

The Unison HomeBuyer program offers equity investments that range from 5% up to 15% of a property's market value. As you might expect, Unison has a cap on the amount of funding they will invest in a single home. For the Unison HomeBuyer program, the most Unison can invest in a single home is $450,000.

Unison HomeBuyer Terms & Requirements
Investment Term Amount
Equity Investment Range 5% - 15%
Equity Investment Range $15,000 - $450,000
Maximum Down Payment Match Percentage 50%
Maximum Debt-to-Income Ratio 43%

What are the costs associated with Unison HomeBuyer?

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, Unison shares in the change in value of your property. If your property value goes up, Unison gets a share. If the value drops, Unison 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.

At the time your home is sold -- or when the term of the investment is up -- Unison will receive an amount that ranges from 16.5% up to 57.8% of any appreciation or depreciation in the home’s price.

The Unison HomeBuyer program includes a transaction fee equal to 2.5% of their investment. The homeowner is also responsible for third-party costs such as appraisal and settlement costs.

Unison HomeBuyer Fees
Closing Costs (%) 2.5%
Share of Home Appreciation 16.5% - 57.8%

What are the terms for a shared equity investment via Unison?

You can use the funds provided by Unison HomeBuyer for up to 30 years. After 30 years, you will need to either return the investment, sell, refinance, or try to partner with Unison for another term. Once the contract term ends you can return the remaining investment, sell, refinance, or partner with Unison for another term.

To buy Unison 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 Unison?

Unison HomeBuyer will typically fund a deal within 21 days.

What types of property does Unison consider?

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

  • Primary home
  • Secondary homes and vacation properties.
Unison HomeBuyer Disclosure: Real Estate Equity Exchange, Inc., dba Unison Home Ownership Investors, offers Unison HomeOwner Agreements and Unison HomeBuyer Agreements through Unison Agreement Corporation (AZ DRE #CO670710000, CA BRE License #2012710, DC REC License #C098374562, GA REC License #76456, IL DFPR License #478026863, MA BR License #422177, MD REC License #6027, NJ REC License #1649879, NY DL License #10311206864, PA REC License #RBR002699, VA REB License #0226-025731, WA DL License #19288) and Unison Agreement AO Corporation (CT REB License #791352, OR REA License #201221258). Unison is an independent investor and is not affiliated with any bank or lender. No agency relationship shall be formed pursuant to or in connection with a Unison HomeOwner or Unison HomeBuyer transaction.
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Message From Unison HomeBuyer

Unison is the market leader in home ownership investment. Founded in 2004, San Francisco-based Unison makes long-term investments in individual residential properties through two innovative programs: Unison HomeBuyer, which provides a portion of the down payment needed to purchase a home, and Unison HomeOwner, which allows current homeowners to tap into their home equity without interest or monthly payments.


About Unison HomeBuyer

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View all shared equity agreements offered by Unison


  Available in 28 states and Washington, D.C.
  • Arizona
  • California
  • Colorado
  • Washington, DC
  • Delaware
  • Florida
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Massachusetts
  • Michigan
  • Minnesota
  • Missouri
  • North Carolina
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Utah
  • Virginia
  • Washington
  • Wisconsin

Feature Breakdown

Closing Costs (%) 2.5%
Credit Score Range 680 - 850
Down Payment Match Percentage Up to 50%
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use
  • Primary Home
  • Secondary 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)
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Proof of Income
  • Proof of Residence
Shared Equity Use Case Mortgage Down Payment
Funding Time Range 15 - 21 days
Investment Range % 5% - 15%
Investment Range $ $15,000 - $450,000

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