Valley National Bank and Unison launch 5% down program

Michael Micheletti Unison, Press 0 Comments

Unison Home Ownership Investors, a provider of home ownership investments, and Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, announced the launch of their 5% down payment program.

The 5% down program will be given in conjunction with an 80% loan-to-value mortgage. The companies announced this will provide buyers with short and long-term savings.

The program works by allowing homebuyers to put down 5%, while Unison invests 15%, allowing the buyer to take out an 80% LTV loan. Unison would then share the changing home values – thereby profiting if the value increases and losing money if it decreases.

Read entire article

About the Author

Michael Micheletti

Director of Communications

Twitter

Michael has worked at Unison since 2016. He draws upon his experience in real estate, taxes, and healthcare to inform consumers on a wide range of topics related to homeownership.

Share this Post