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Unison Review
7.6
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This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Advertiser Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

Unison Reviews

7.6
Ali Rivzi

WRITTEN BY

Ali Rivzi
Empowering individuals through expert advice
Empowering individuals through expert advice
About Unison

Unison, founded in 2004, is a company that provides solutions for individuals and investors to access the equity in residential real estate. Since its launch, Unison has helped thousands of homeowners and investors leverage the largest asset class in the United States, valued at $23 trillion. By offering a range of products and expert advice, Unison empowers its customers to own and invest in real estate optimally. The company has a strong focus on helping individuals and families access the equity in their homes and assisting investors in curating a geographically diverse portfolio. With a history of connecting homeowners and investors, Unison aims to reduce risk, create more diverse options, and lower consumer debt to create a more financially accessible and sustainable society.

8.0

LS SCORE

8.0

CREDIBILITY

8.0

SUPPORT

8.0

ACCESSIBILITY

Unison Mortgages Review

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 Highlights

MORTGAGE AMOUNT

$30,000 - $500,000

REPAYMENT TERM

Trade your equity for cash today and settle up whenever you desire, when you sell, or up to 30 years later.

MIN CREDIT SCORE

620

ORIGINATION FEE

None

PREPAYMENT FEE

None

UNDERWRITING FEE

None

OTHER FEES

Yes

SOFT CREDIT PULL

Yes

LENDER TYPE

Marketplace

Pros & Cons
  • Access to funding without monthly payments or interest charges
  • Flexibility to use the money however you see fit
  • Expert team of financial and real estate professionals committed to re-inventing homeownership
  • Opportunity to optimize homeownership
  • Unison will not share in the value added via remodeling projects
  • Unison does not share in the losses if you sell within the first five years
  • Cannot buy out the Unison agreement in the first five years
  • Generally requires a mid-FICO score of at least 620 and credit score, LTV, and DTI guidelines vary

Mortgage Type
  • Home Equity Line of Credit

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.

How to Apply

Applying for a mortgage or refinancing with Unison is a straightforward process that can be completed entirely online. The first step is to check your eligibility by submitting your basic information through an online survey. This will give you a pre-approval with zero impact on your credit. If you are pre-approved, you can then submit a complete application through the online portal. During this process, you will also be required to securely upload key documents for review and validation. Once your documents have been reviewed, the final step is to have your property professionally appraised. This process typically takes around 30 days, after which you will receive a final offer letter and closing package.

Qualification Requirements

  • Middle FICO score of 620 or higher
  • Debt-to-income and loan-to-value ratios based on credit score
  • Maximum allowable loan-to-value ratio of 75%
  • Submit application through online portal
  • Securely upload key documents for review and validation
  • Professional appraisal of property (sometimes with property inspection)
  • Review and sign final offer letter
  • Closing with notary to receive funds in as little as three days

Required Information

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.

State Availability

Available - Arizona, California, Colorado, Delaware, Florida, Illinois, Indiana, Kansas, Kentucky, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Virginia, Washington, West Virginia, Wisconsin.

Not Available - Alabama, Alaska, Arkansas, Connecticut, Georgia, Hawaii, Idaho, Iowa, Louisiana, Maine, Maryland, Mississippi, Montana, New Hampshire, North Dakota, Oklahoma, South Dakota, Texas, Vermont, Wyoming.

Privacy & Security

Unison takes the privacy and security of its customers’ personal and confidential information very seriously. The company collects and uses personal information for various purposes, including evaluating customers’ eligibility for its products and services. Unison also uses cookies and web tags to recognize users’ web browsers and track their use of the company’s services. Unison has implemented various measures to protect the confidentiality and security of its customers’ information, including encryption and secure servers. The company is also subject to regulatory bodies that oversee its affairs. Unison is committed to protecting the privacy and security of its customers’ personal and confidential information and takes steps to ensure the security of the information it collects and uses.

Customer Support

At Unison, customers can expect a helpful and seamless experience when seeking support for their needs. Upon contacting the company, customers will be greeted by a live customer service representative who is ready to assist with any questions or issues they may have. Unison also offers a call back option for customers who are unable to speak with a representative at the time of their call. The company has a strong reputation for effectively solving customers’ problems and providing the necessary support to ensure their satisfaction. Overall, Unison’s customer support team is dedicated to providing exceptional customer service.

Phone Support
1-855-930-5770

In Conclusion

Unison is a company that provides products and expert advice to empower individuals and investors to access the equity in residential real estate. The company has a strong focus on helping individuals and families access the equity in their homes and assisting investors in curating a geographically diverse portfolio. Unison also has a reputation for effectively solving customers’ problems and providing the necessary support to ensure their satisfaction. Unison’s major selling points include its range of products and expert advice, commitment to privacy and security, and excellent customer support.

FAQ

What types of products and services does Unison offer?
Unison offers a range of products and access to experts; including solutions for accessing the equity in your home and for curating a geographically diverse portfolio of real estate investments.
Is Unison's website secure?
Unison takes the security and safety of its customers' personal and confidential information very seriously.
Does Unison offer customer support?
Yes, customers can contact the company's customer service team and will be greeted by a live representative who is ready to assist. Unison also offers a call back option for customers who are unable to speak with a representative at the time of their call.

Unison Disclaimer

Limitation of Liability
THE LIABILITY OF UNISON IS LIMITED. TO THE MAXIMUM EXTENT PERMITTED BY LAW, UNISON SHALL NOT BE LIABLE FOR ANY CONSEQUENTIAL, INCIDENTAL, EXEMPLARY, SPECIAL OR INDIRECT DAMAGES ARISING OUT OF OR RELATING TO YOUR USE OF THE WEBSITE OR PRODUCTS OR SERVICES OFFERED THROUGH THE WEBSITE, REGARDLESS OF ANY ADVICE OR NOTICE GIVEN TO UNISON. THIS INCLUDES, BUT IS NOT LIMITED TO, DAMAGES THAT MAY RESULT FROM THE USE, INCONVENIENCE, DELAY OR LOSS OF USE OF THE SITE, THE INFORMATION HEREIN OR FOR OMISSIONS OR INACCURACIES IN THE INFORMATION PUBLISHED THROUGH THE SITE. IF YOU ARE DISSATISFIED WITH THIS WEBSITE, YOUR FIRST REMEDY IS TO STOP USING IT. THE MAXIMUM LIABILITY OF UNISON AND ITS AFFILIATES, SUCCESSORS, OR ASSIGNS, OR ANY OF ITS OR THEIR OFFICERS, DIRECTORS, EMPLOYEES OR AGENTS, WILL BE $500. YOU AGREE THAT THIS LIMITATION OF LIABILITY REPRESENTS A REASONABLE ALLOCATION OF RISK AND IS A FUNDAMENTAL ELEMENT OF THE BASIS OF THE BARGAIN BETWEEN UNISON and YOU, AND THAT THIS WEBSITE WOULD NOT BE PROVIDED WITHOUT SUCH LIMITATIONS.

Disclosure

This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

WRITTEN BY

Ali Rivzi

Ali Rizvi is a published author, financial analyst, and market researcher. He's passionate about providing in-depth insights and analysis in the finance and blockchain industries. With a Bachelor's in Finance from Purdue University and a background studying abroad at the University of Cambridge, he brings a wealth of knowledge and expertise to the table.

8.0

LS SCORE

8.0

CREDIBILITY

8.0

SUPPORT

8.0

ACCESSIBILITY
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