How It Works

The Unison HomeBuyer program is a true partnership. We contribute up to half the down payment by making a homeownership investment in your home. In return, we receive a share of any appreciation or depreciation in your home’s price at the time it is sold. This is not a loan, so we don’t charge interest, and we don’t receive monthly payments. Instead, we hope to earn a profit when you sell your home — up to 30 years later. You can also buy us out after 3 years.


To learn the basics about Unison HomeBuyer, select the home price and down payment examples below:

Purchase Price: $500,000 Unison Share of Down Payment: $50,000
Mortgage Amount: $400,000 Unison Share of Change in Value: 35%
Your Share of Down Payment: $50,000 Sell Home in Year 10

PURCHASE PRICE
SALE PRICE
CHANGE IN VALUE
UNISON SHARE OF CHANGE IN VALUE

PAYMENT TO
UNISON

Home has gained value

PURCHASE PRICE
$500,000

SALE PRICE
$600,000

CHANGE IN VALUE
+$100,000

UNISON SHARE OF CHANGE IN VALUE
+$35,000

PAYMENT TO
UNISON

$85,000

$50,000 invested plus $35,000 profit

Home has lost value
PURCHASE PRICE
$500,000

SALE PRICE
$400,000

CHANGE IN VALUE
-$100,000

UNISON SHARE OF CHANGE IN VALUE
-$35,000

PAYMENT TO
UNISON

$15,000

$50,000 invested minus $35,000 loss

Home value has stayed the same
PURCHASE PRICE
$500,000

SALE PRICE
$500,000

CHANGE IN VALUE
$0

UNISON SHARE OF CHANGE IN VALUE
$0

PAYMENT TO
UNISON

$50,000

No profit

Our return on investment comes only from a share of the change in value of the home. All home equity you create by paying down your mortgage belongs to you. The table below demonstrates this.

PURCHASE PRICE

SALE PRICE

CHANGE IN VALUE

UNISON SHARE OF CHANGE IN VALUE

PAYMENT TO UNISON

PAYMENT TO LENDERsee footnote 3

GROSS SALE PROCEEDS TO YOUsee footnote 4


Home has gained value
PURCHASE PRICE
$500,000

SALE PRICE
$600,000

CHANGE IN VALUE
+$100,000

UNISON SHARE OF CHANGE IN VALUE
+$35,000

PAYMENT TO UNISON

$85,000

$50,000 invested plus $35,000 profit

PAYMENT TO LENDERsee footnote 3

$315,000

GROSS SALE PROCEEDS TO YOUsee footnote 4
$200,000


Home has lost value
PURCHASE PRICE
$500,000

SALE PRICE
$400,000

CHANGE IN VALUE
-$100,000

UNISON SHARE OF CHANGE IN VALUE
-$35,000

PAYMENT TO UNISON

$15,000

$50,000 invested minus $35,000 loss

PAYMENT TO LENDERsee footnote 3

$315,000

GROSS SALE PROCEEDS TO YOUsee footnote 4
$70,000


Home value has stayed the same
PURCHASE PRICE
$500,000

SALE PRICE
$500,000

CHANGE IN VALUE
$0

UNISON SHARE OF CHANGE IN VALUE
$0

PAYMENT TO UNISON

$50,000

No profit

PAYMENT TO LENDERsee footnote 3

$315,000

GROSS SALE PROCEEDS TO YOUsee footnote 4
$135,000

Purchase Price: $1,000,000 Unison Share of Down Payment: $100,000
Mortgage Amount: $800,000 Unison Share of Change in Value: 35%
Your Share of Down Payment: $100,000 Sell Home in Year 10
PURCHASE PRICE

 

SALE PRICE

 

CHANGE IN VALUE

 

UNISON SHARE OF CHANGE IN VALUE

 

PAYMENT TO UNISON

 


Home has gained value
PURCHASE PRICE
$1,000,000

 

SALE PRICE
$1,200,000

 

CHANGE IN VALUE
+$200,000

 

UNISON SHARE OF CHANGE IN VALUE
+$70,000

 

PAYMENT TO UNISON

$170,000

$100,000 invested plus $70,000 profit

 


Home has lost value
PURCHASE PRICE
$1,000,000

 

SALE PRICE
$800,000

 

CHANGE IN VALUE
-$200,000

 

UNISON SHARE OF CHANGE IN VALUE
-$70,000

 

PAYMENT TO UNISON

$30,000

$100,000 invested minus $70,000 loss

 


Home value has stayed the same
PURCHASE PRICE
$1,000,000

 

SALE PRICE
$1,000,000

 

CHANGE IN VALUE
$0

 

UNISON SHARE OF CHANGE IN VALUE
$0

 

PAYMENT TO UNISON

$100,000

No profit

 

Our return on investment comes only from a share of the change in value of the home. All home equity you create by paying down your mortgage belongs to you. The table below demonstrates this.

PURCHASE PRICE

 

SALE PRICE

 

CHANGE IN VALUE

 

UNISON SHARE OF CHANGE IN VALUE

 

PAYMENT TO UNISON

 

PAYMENT TO LENDERsee footnote 3

 

GROSS SALE PROCEEDS TO YOUsee footnote 4

 


Home has gained value
PURCHASE PRICE
$1,000,000

 

SALE PRICE
$1,200,000

 

CHANGE IN VALUE
+$200,000

 

UNISON SHARE OF CHANGE IN VALUE
+$70,000

 

PAYMENT TO UNISON

$170,000

$100,000 invested plus $70,000 profit

 

PAYMENT TO LENDERsee footnote 3

$630,000

 

GROSS SALE PROCEEDS TO YOUsee footnote 4
$400,000

 


Home has lost value
PURCHASE PRICE
$1,000,000

 

SALE PRICE
$800,000

 

CHANGE IN VALUE
-$200,000

 

UNISON SHARE OF CHANGE IN VALUE
-$70,000

 

PAYMENT TO UNISON

$30,000

$100,000 invested minus $70,000 loss

 

PAYMENT TO LENDERsee footnote 3

$630,000

 

GROSS SALE PROCEEDS TO YOUsee footnote 4
$140,000

 


Home value has stayed the same
PURCHASE PRICE
$1,000,000

 

SALE PRICE
$1,000,000

 

CHANGE IN VALUE
$0

 

UNISON SHARE OF CHANGE IN VALUE
$0

 

PAYMENT TO UNISON

$100,000

No profit

 

PAYMENT TO LENDERsee footnote 3

$630,000

 

GROSS SALE PROCEEDS TO YOUsee footnote 4
$270,000

 

Purchase Price: $1,000,000 Unison Share of Down Payment: $125,000
Mortgage Amount: $750,000 Unison Share of Change in Value: 43.75%
Your Share of Down Payment: $125,000 Sell Home in Year 10
PURCHASE PRICE

 

SALE PRICE

 

CHANGE IN VALUE

 

UNISON SHARE OF CHANGE IN VALUE

 

PAYMENT TO UNISON

 


Home has gained value
PURCHASE PRICE
$1,000,000

 

SALE PRICE
$1,200,000

 

CHANGE IN VALUE
+$200,000

 

UNISON SHARE OF CHANGE IN VALUE
+$87,500

 

PAYMENT TO UNISON

$212,500

$125,000 invested plus $87,500 profit

 


Home has lost value
PURCHASE PRICE
$1,000,000

 

SALE PRICE
$800,000

 

CHANGE IN VALUE
-$200,000

 

UNISON SHARE OF CHANGE IN VALUE
-$87,500

 

PAYMENT TO UNISON

$37,500

$125,000 invested minus $87,500 loss

 


Home value has stayed the same
PURCHASE PRICE
$1,000,000

 

SALE PRICE
$1,000,000

 

CHANGE IN VALUE
No change in value

 

UNISON SHARE OF CHANGE IN VALUE
$0

 

PAYMENT TO UNISON

$125,000

No profit

 

Our return on investment comes only from a share of the change in value of the home. All home equity you create by paying down your mortgage belongs to you. The table below demonstrates this.

PURCHASE PRICE

 

SALE PRICE

 

CHANGE IN VALUE

 

UNISON SHARE OF CHANGE IN VALUE

 

PAYMENT TO UNISON

 

PAYMENT TO LENDERsee footnote 3

 

GROSS SALE PROCEEDS TO YOUsee footnote 4

 


Home has gained value
PURCHASE PRICE
$1,000,000

 

SALE PRICE
$1,200,000

 

CHANGE IN VALUE
+$200,000

 

UNISON SHARE OF CHANGE IN VALUE
+$87,500

 

PAYMENT TO UNISON

$212,500

$125,000 invested plus $87,500 profit

 

PAYMENT TO LENDERsee footnote 3

$590,000

 

GROSS SALE PROCEEDS TO YOUsee footnote 4
$397,500

 


Home has lost value
PURCHASE PRICE
$1,000,000

 

SALE PRICE
$800,000

 

CHANGE IN VALUE
-$200,000

 

UNISON SHARE OF CHANGE IN VALUE
-$87,500

 

PAYMENT TO UNISON

$37,500

$125,000 invested minus $87,500 loss

 

 

PAYMENT TO LENDERsee footnote 3

$590,000

 

 

GROSS SALE PROCEEDS TO YOUsee footnote 4
$172,500

 


Home value has stayed the same
PURCHASE PRICE
$1,000,000

 

SALE PRICE
$1,000,000

 

CHANGE IN VALUE
No change in value

 

UNISON SHARE OF CHANGE IN VALUE
$0

 

PAYMENT TO UNISON

$125,000

No profit

 

PAYMENT TO LENDERsee footnote 3

$590,000

 

 

GROSS SALE PROCEEDS TO YOUsee footnote 4
$285,000

 

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Notes

1. The examples presented in the table above are intended only to demonstrate the basic operation of the Unison HomeBuyer Agreement. Many other transaction structures and outcomes are possible. Unison is not a lender and Unison HomeBuyer is not a loan program. Any loan terms reflected herein are for illustrative purposes only. Loan rates and terms available from participating lenders may differ.

2. 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.

3. 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. The example assumes a 30-year loan, 4% interest rate, and ten year holding period. Ten years of monthly loan payments brings the loan balance down by approximately $160,000 from $750,000 to $590,000.

4. 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. For example, assuming selling costs of 7.5% and a sale price of $1,200,000, your selling costs would be $90,000. If your Unison HomeBuyer Agreement is settled other than by sale of your home, such costs will not apply.

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