California Now Has Equity Sharing Home Loans

Unison Mortgage Corporation, a Unison company, launched its Equity Sharing Home Loan in California. Unison’s Equity Sharing Home Loan delivers unmatched affordability for homeowners feeling the squeeze of today’s economic pressures.

For a $100,000 loan, monthly payments could be as low as $308 at a 5.38% APR. In contrast, a comparable fully amortizing 10-year closed-end second mortgage at current market rates might require monthly payments of approximately $1,208. This difference can result in annual savings of nearly $10,000, offering significant cash flow relief for households facing inflation and rising debt.

High credit card balances and early 401(k) withdrawals are becoming common coping mechanisms for U.S. households with finances stretched thin. As financial anxiety grows, many homeowners are looking for ways to unlock the value of their homes without taking on more unmanageable debt.

The innovative Unison Equity Sharing Home Loan combines the benefits of home loans and home equity sharing agreements into a unique mortgage solution that allows homeowners to convert their home equity into cash with low monthly payments.

“California homeowners have long faced some of the highest costs of living in the country, and traditional home financing options often fall short in meeting their needs,” said Ryan Downs, President of Unison. “With the launch of our Equity Sharing Home Loan in California, we’re offering a more flexible path forward—one that reduces monthly payments and gives families access to the equity they’ve built without adding to their financial stress.”

With Unison’s Equity Sharing Home Loan, homeowners can:

  *   Invest in renovations and home improvement projects

  *   Consolidate high-interest debt

  *   Refinance second mortgages for lower monthly payments

  *   Increase their retirement savings

  *   Install solar panels or make energy-efficient upgrades

Availability:

The Unison Equity Sharing Home Loan is available in California today.