Unison offers a range of mortgage services to help individuals and investors access equity in residential real estate. The company’s products and expert advice empower customers to optimally own and invest in real estate, providing them with the opportunity to access the wealth stored in their homes or to curate a geographically diverse portfolio of real estate investments. Whether you are looking to access the equity in your home or invest in real estate, Unison has solutions to meet your needs and help you achieve your financial goals.
Unison Mortgages Terms & Requirements
Unison offers a product to help individuals and investors access equity in residential real estate. Its business model is designed to provide flexible financing options that allow customers to access the wealth stored in their homes or to invest in real estate. Unison’s mortgage terms vary depending on the specific product and the customer’s unique situation. However, in general, the company offers long-term financing with no monthly payments or interest charges and the ability to use the money however you see fit.
In terms of requirements, Unison generally requires a mid-FICO score of at least 620 and has credit score, loan-to-value, and debt-to-income guidelines that vary depending on the customer’s credit score. Overall, the terms and requirements offered by Unison seem to meet market standards and provide a relatively good option for those looking to access equity in their homes or invest in real estate.
To get started with the pre-qualification process, one can simply visit the Unison website and submit an online survey to submit basic information and get pre-approved. The information that will be required includes: name, address, phone number, proof of identity, credit score, social security number, proof of income, and the desired amount to borrow.
Application Steps & Time Frames
- Submitting a complete application, including uploading required documents for review and validation
- Completing an appraisal of the property
- Receiving and reviewing the final offer letter and closing package
The typical Unison equity sharing agreement process, from pre-approval to offer, takes about 30 days. After signing the offer letter, the closing process can take place and funds can be received in as little as three days. Overall, the process is relatively straightforward and easy to navigate.
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