Shared Equity Programs Gain Popularity for Municipalities, Private Investors

Michael Micheletti News

housing for millennials

Our Second Quarter 2017 Homeownership Program Index highlights the latest trends across all down payment programs, plus growth in shared equity program models as homeownership affordability challenges persist for millennial buyers. The number of total programs increased to 2,469, up 15 programs from the previous quarter. Nearly 87 percent (86.8%) of programs currently have funds available for eligible homebuyers, roughly unchanged from the …

How to get down payment help if you don’t have rich parents

Michael Micheletti News

As Bay Area home prices soar, coming up with a 20 percent down payment can feel like walking up the down escalator. Wannabe buyers who don’t have parents to help out have several options. They can borrow more than 80 percent of the purchase price with a first mortgage and pay private mortgage insurance. They can borrow some of the …

4 ways homebuyers can leap the down-payment hurdle

Michael Micheletti News

rising house prices

Saving up for a down payment is the biggest hurdle for many would-be homebuyers, particularly those looking to make the leap from renting to owning. Here are some tips to consider when working toward that down payment: 1. Start soon Begin saving now. Renters may want to calculate what their extra monthly costs would be as a homeowner and then …

Millennials Get A New Way To Clear The Down Payment Hurdle To Homeownership

kevin News

See how Unison is helping Millennials enter the housing market in this excerpt from a recent Forbes article written by Samantha Sharf.  … The granddaddy and leader of this tiny sector is San Francisco-based Unison Home Ownership Investors, which was formed in 2004 and for years bumped along buying equity from existing homeowners. In 2012, it expanded into shared down payments, …

Thomas Sponholtz and Jim Riccitelli of Unison

Michael Micheletti News

The Co-CEOs of Unison talk about the fascinating history of their company and the concept of homeownership investing they pioneered. Residential real estate is the oldest and most established of all asset classes. And yet, when it comes to owning equity in homes, that has only ever been available to the individual homeowners. Sure there have been ways to tap …

A Look at Shared Real Estate Investing with Unison

Michael Micheletti News

first rex now unison

FintekNews recently had a chance to catch up with the Co-CEOs of real estate funding platform Unison, Thomas Sponholtz & Jim Riccitelli.  We’ve been covering the RETechindustry a fair bit lately, as we see it as an incredibly important part of the investable fintech ecosystem.  Many other RETechs that we have covered operate through P2P/ marketplace lending models, but Unison is actually funded by institutional …

A Look at Shared Real Estate Investing with Unison

Michael Micheletti News

FintekNews recently had a chance to catch up with the Co-CEOs of real estate funding platform Unison, Thomas Sponholtz & Jim Riccitelli.  We’ve been covering the RETechindustry a fair bit lately, as we see it as an incredibly important part of the investable fintech ecosystem.  Many other RETechs that we have covered operate through P2P/ marketplace lending models, but Unison is actually funded by institutional …