[14], On May 16, 2017 the company announced findings from the "Unison Home Affordability Report 2017," showcasing the percentage of homes accessible to the median household in major U.S. Unison’s share of the change in value is equal to 4 times the initial loan amount. [9], On December 5, 2016 FirstREX changed its name to Unison Home Ownership Investors. A Unison HomeOwner Agreement, previously called a REX Agreement, is a contract with an organization formerly called FirstREX. Unison’s minimum investor percentage is 20% and their maximum is 70%. [3][53], Unison has relationships with Guaranteed Rate, HomeBridge Financial Services, Guild Mortgage, Valley Bank, Goldwater Bank, HomeStreet Bank, PRMG, Supreme Lending, LendUS and others. Don't think loan. (In December of 2016, FirstREX changed its name to Unison Home Ownership Investors, or for short, Unison.) [27], On June 26, 2018 announced that it had closed a $40 Million Series B Funding Round. It is a long-term investment in the property. To learn more about our agreement, click here. The larger the investment, the larger the percentage of your home’s future value that Unison will take. Unison provides long-term investment capital to home buyers and homeowners which they can use for up to 30 years with no interest or monthly payments. [31], The Down Payment Resource HPI currently tracks 33 shared equity programs. [10], On February 1, 2017 the company was featured in HousingWire, highlighting additional states of operation. Onto our Unison review! On July 11, 2016 the company announced that it would be launching its down payment funding in combination with Guild Mortgage loans in Washington. Fintech Firm Unison Offers Unique Assistance to Purchase the Home of Your Dreams", "Here's The Salary You Need To Afford A Home In 22 U.S. Cities", "How Unison makes down payments possible", "New down payment option could boost homeownership", "Buyers Alert: Should You Trade Future Home Equity for Down Payment Help? Homeownership investment pioneer Unison closed out 2018 with an impressive 370% growth in revenue and $2.42 billion in co-invested real estate, … Is that a good idea? Let’s do the same for you. We will explore expanding offerings including home ownership. When you decide to sell your home, Unison will share in the appreciation or depreciation of the house as well as take their initial loan amount out of the sale price. Conversely, if the home depreciates, the company shares in 35 percent of the loss. Unison was able to claim leadership in this new category, in a way that created much greater clarity as to the benefits they provide. Unison is not an owner and has no rights of occupancy. There are also new programs in high cost markets, like the San Francisco Bay area, designed by private investors to help buyers finance homes that are outside conventional home price limits. Unison Home Ownership Investors has a post-money valuation in the range of $100M to $500M as of Jun 26, 2018, according to PrivCo. It’s important to understand that Unison will share in your property’s growth or loss. According to the brochure on their website, Unison can provide homeowners with up to 17.5% of the value of their home. Chief Revenue Officer - Bill Walker. This was a Series B round raised on Jun 26, 2018. Unison teams work together across our different services (IAP, PRAP, Place Management of transitional, social, affordable and private housing) to optimise outcomes for our clients and tenants. Unison Home Ownership Investors (commonly known as Unison) is a home ownership investment company based in San Francisco, California. 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