Double your down payment

  • Avoid paying Mortgage Insurance (PMI)
  • Make no monthly payments to Unison
  • Reduce the size of your loan
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Use the calculator to see how Unison can help:

I am looking to purchase a home for $

80% Mortgage, 20% Buyer Down
Down Payment

$ ?

Monthly Payment

$ ?

90% Mortgage, 10% buyer down with Mortgage Insurance
Down Payment

$ ?

Monthly Payment

$ ?

Down Payment

$ ?

Monthly Payment

$ ?

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Pre-qualifying will not affect your credit score

Notes:
This simplified calculator is designed to demonstrate how using a Unison HomeBuyer home ownership investment in connection with your home purchase can lower your monthly payment when compared with two other ways to purchase.  Unison is not a mortgage lender and Unison HomeBuyer is not a loan program. Loan terms reflected herein are for illustration purposes only and may not be available. Participating mortgage lenders will determine loan terms, if any, at their sole discretion.

The displayed results assume the following:

  • 4% interest rate on the mortgage loan.
  • Maximum debt-to-income ratio of 45%.
  • Mortgage insurance premium of 0.74% of the loan amount annually.
  • Property taxes = 1.25% of home purchase price annually.
  • Property insurance = 0.3% of the loan amount annually.

Special note: at higher home price points a jumbo mortgage is typically required and the monthly payment calculation method may differ from those used by the calculator. Availability of jumbo loan programs at different dollar amounts varies widely.  Results displayed by the calculator are only intended to illustrate in general that Unison HomeBuyer lowers the monthly payment.

In addition to the displayed down payment amount, you will need additional cash for any reserves that might be required by the lender and to pay all up-front fees and costs of obtaining your financing, including a transaction fee payable to Unison equal to 2.5% of the Unison HomeBuyer investment.

Disclosure:
1. At closing you will pay all transaction costs, including third party fees (such as credit and appraisal reports, and title and escrow fees), any lender origination fees, and Unison processing and transaction fees. This will increase the amount of cash you need to contribute to the purchase transaction at closing.

2. When you sell your home you will be responsible for repaying any outstanding balance on your mortgage in full from your portion of the sales proceeds. The Unison HomeBuyer Agreement has no impact on this – you would have to pay these expenses whether you have a Unison HomeBuyer Agreement or not.

3. When you sell your home you will also be responsible for paying all selling costs, including brokerage commissions, which can typically amount to 6-9% of the sale price, from your portion of the sales proceeds. Selling costs are not shown in the example. The Unison HomeBuyer Agreement has no impact on this – you would have to do this whether you have a Unison HomeBuyer Agreement or not. If the sales proceeds are not sufficient to pay the mortgage balance, whatever amount is due to Unison, and the selling costs, you will be required to make up any shortfall.  If your Unison HomeBuyer Agreement is settled other than by sale of your home, such costs will not apply.

Read full Disclosure

How Unison HomeBuyer Works

Unison typically contributes half of your down payment

Open the door to the home you want, with less debt and risk. Unison can double your down payment, and a larger down payment can help in a number of ways.

  • Connector.

    Make it easier to qualify for a mortgage

  • Connector.

    Lower your monthly payments by 15-20% or more

  • Connector.

    Significantly increase your purchasing power, giving you more choice in the commuting distance, school district, or size and features of the home

  • Connector.

    Avoid paying mortgage insurance (PMI)

  • Connector.

    Avoid a piggyback mortgage

  • Connector.

    Retain some of your cash – for remodeling, a child’s education, retirement, or for unexpected life events

In return, Unison invests alongside you

We provide down payment funds that you can use for up to 30 years1Unison’s investment in your home must be satisfied at the time of an ownership change, upon passing of all signors to the deal or after 30 years, whichever occurs first. You can also buy us out without selling your home at any time after 3 years. with no interest charges or monthly payments.  In exchange we share in the change in value of your home – up or down – when you decide to sell2The change in value of your home is calculated as the sale price of the home minus the purchase price of the home.. Our share of the change in value is typically 35%. If your home’s value increases, we both profit as partners.  If your home’s value decreases, we also typically take a portion of the loss. It is a true partnership – we win and lose together.

Enjoy your new home

We are your investing partner, but you are the sole owner of your home. And like any homeowner, you can sell your home at any time you choose.


When you decide to sell:

If your house increases in value

We share in the appreciation.

Our share of the profit is typically 35%

If your house decreases in value

We share in the loss.3Unison will not share in any decrease in value if you sell your home within three years of our investment or if you opt to buy us out without selling your home. In addition, if you do not properly maintain your home’s condition and this results in a significant decrease in market value, Unison will have the right to adjust the ending home value upwards to offset this decrease when calculating our share of the change in value.

Our share in the loss is typically 35%

Pre-qualify in minutes

Pre-qualifying will not affect your credit score

A partner in your home purchase

We invest alongside you, typically contributing up to half of the down payment on your home purchase. You make no monthly payments to us. Instead, we hope to earn a return on our investment by sharing in the appreciation when you sell your home – 30 years4Unison’s investment in your home must be satisfied at the time of an ownership change, upon passing of all signors to the deal or after 30 years, whichever occurs first. You can also buy us out without selling your home at any time after 3 years. later.

 

What people are saying:

“We wanted to put down the least amount as possible, like most homeowners, to leverage our capital. I really didn’t want to put in a complete 20 percent. When I analyzed your program, it turned out to be the right thing.”
Jeff U.
Yorba Linda, CA
 

Learn More About Unison HomeBuyer

It takes just minutes to see how Unison can help you get the home you really want. Start today!

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Pre-qualifying will not affect your credit score

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