What do I need in order to qualify for Unison HomeOwner?

Generally speaking, applicants need a mid-FICO score of at least 620. Depending on credit score, loan-to-value (LTV) and debt-to-income (DTI) guidelines vary. Applicants with excellent credit can have a maximum LTV of 75%. The allowable LTV and DTI goes down as credit score goes down.

In order for us to evaluate your specific situation, we would need you to submit an application.

How much funding is available with Unison?

The most we can invest in a single home is $500,000, but most of our co-investments are less than that.

With the Unison HomeOwner program, we can provide up to 17.5% of the value of your home by unlocking your existing home equity. Unison’s minimum investment size is $30,000.

Of course, the amount we can invest depends on your unique situation. Please start an application to find out exactly how much we can provide you.

In which U.S. states is Unison currently available?

Unison HomeOwner is currently available in these states:

  • Arizona
  • California
  • Colorado
  • Delaware
  • Florida
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Massachusetts
  • Michigan
  • Minnesota
  • Missouri
  • Nevada
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • Ohio
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Utah
  • Virginia
  • Washington
  • District of Columbia / Washington D.C.
  • Wisconsin

We’re constantly working to bring Unison to more people. If we’re not yet available in your state, we encourage you to check back here often for updates or follow us on Instagram, Facebook or LinkedIn.

What is co-investing and how does it work?

Traditionally, accessing your equity meant taking out a loan that required monthly payments and added debt. Unison offers another way to do this by investing alongside you, providing you with a cash payment today in exchange for an option to share in your home’s future change in value. If the house goes up in value, we both win. If it goes down in value, Unison shares in the loss.

At the outset of your agreement with Unison, we’ll determine a starting value for your home by getting an independent appraisal, and then applying a 2.5% Risk Adjustment. From there we’ll make our co-investment, giving you money which you are free to use however you want for up to 30 years.

Information about Unison

Unison is a San Francisco-based company founded in 2004, and since then we’ve been pioneering a smarter, better way to own homes. For the first time, homeowners have access to funding that is not tied to monthly payments or interest charges. With Unison HomeOwner, we unlock the equity in your home, allowing you to use the money for other expenses, with no payments to us for up to 30 years. We call it home co-investing. Making this possible is a team of financial and real estate professionals who are committed to re-inventing homeownership to give Americans more opportunity and flexibility when it comes to owning a home. We’ve helped over 7,800 homeowners optimize homeownership.

What is Unison’s business model?

Unison has pioneered a smarter, better way to own your home by co-investing in residential real estate. Until now, the main way to access your equity was to add on more debt. We provide homeowners an alternative by converting a portion of their existing home equity to cash without monthly payments. By sharing in the gains only if the home goes up in value, we strive to align with the interests of our homeowners and win together.

How is Unison's profit or loss calculated upon sale?

When you sell your home, you'll need to pay us the amount of our original co-investment, plus or minus our share of your home's change in value. Unison's share depends on how much we invested in your home to begin with.

If you choose to buy us out instead after your restriction period passes, we'll use an independent third-party appraisal to determine the fair market value of your property at the time. If you buy us out, Unison does not share in any decrease in your home's value.

To learn more about our agreement, click here.

What happens at the end of the agreement?

You can use the funds provided by Unison for up to 30 years. After 30 years, you will need to either sell your home or buy us out.

To buy us out, you would need to pay the amount of our original co-investment plus or minus our share of your home's change in value. We use an independent third-party appraisal to determine the fair market value of your property at the time.

In some cases, after 30 years it might be possible to refinance your home and use the proceeds to buy out Unison's investment. However, there is no guarantee that this option will be available.

To learn more about our agreement, click here.

If I partner with Unison, who owns the home?

You own the home! You control the property and receive the benefits of home ownership, such as occupancy rights and income tax deductions. Unison is not an owner and has no rights of occupancy. Rather, we share a portion of the future change in value of the home, as an investor. We secure our investment the same way traditional lenders do, without becoming in any way co-owners of your home.

To learn more about our agreement, click here.

How do I know if I can trust Unison?

Founded in 2004, we are A+ rated with the Better Business Bureau, have been featured in USA Today, Forbes, and other publications. And we have now helped people from California to Massachusetts as we are rapidly changing the way our clients finance their homes.

We pride ourselves on our education process which ensures that all our clients understand how a Unison home co-investment works.

Where does Unison’s funding come from? Who are your investors?

We seek “patient capital” content to invest in your home for up to 30 years with no monthly payments. Our funding primarily comes from institutional investors, including pension funds and university endowments.

In what situations would Unison not be the right option?

A Unison co-investment is a unique home financing product that presents a great solution for some people, but it is not the right fit for everyone. First and foremost, Unison is designed for long-term use—a Unison co-investment is not right for you unless you plan to stay in your home for at least five years. Many of the co-investment’s best features, including Unison’s agreement to share in any loss of home value alongside you, only kick in after five years. For more information, please see the FAQ entry on the Unison “Restriction Period.”

Unison HomeOwner is typically for homeowners who live in the home. Additionally, though a Unison co-investment is not a loan, it is also not compatible with certain kinds of loans. Reverse mortgages, interest-only loans, shared appreciation loans, or any loan with a negative amortization feature won’t work alongside Unison.

How title to your home is held can also affect eligibility. Typically, Unison can only offer co-investments to homeowners who hold their homes as individuals and joint tenants, not tenants-in-common or other forms of holding.

Finally, Unison customers may experience constraints when attempting to refinance their mortgage once they have taken a co-investment from Unison. We recommend that customers who are interested in refinancing their home loan do so before choosing to work with Unison—please see the FAQ entry on refinancing for more information.

Like we said, Unison is unique, and so are you. If you're interested in learning if you and your home qualify, please feel free to apply.