Family after getting shared equity investment.

How HomeSteady works

A home, partially rendered as money

Tap into the "frozen" equity in your home.

If you choose an equity investment from us, we’ll buy a stake in your home, up to $250,000 depending on the value of the property. The more equity you have the more cash we can provide. We’ll work with a title company to record our investment. You still own the property.

A calendar crossed out

No pressure to make monthly payments

We get compensated when you refinance or sell or buy us out. Since we’re investing alongside you, we do well when you do well. We’re rooting for you to win! But if your house loses value we take the hit with you too. Think of us like equity partners. Because that’s what we are.

A person stading next to their home with a heart above them

You don’t have to move

The day after the transaction you go right back to the way things were–except with a lot more cash in hand.

A credit card being cut with scissors

Use your home as an asset to protect you

We can buy your home to free up even more equity. You rent it back from us until you’re ready to take over again. You can exercise that option at any time. You pay us a flat fee but all the equity and upside is yours.

A hand holding a check

Keep your equity

If your home has equity built up, HomeSteady can give you cash upfront to buy some of that equity from you. When your house appreciates, we’ll share in some of the gains with you. You don’t pay us back until you sell or refi.

HomeSteady might be right for you if...

You want cash without losing your home.

The divorce jacked up my credit. I didn’t realize how bad until I tried to refinance my house and the credit union wouldn’t touch me with a ten-foot pole. HomeSteady helped me get the cash I needed so I could stay in the house.
Sean
Atlanta, GA

You're an entrepreneur, ready to leap.

I work full time for the federal government and I've been building my business on the side. I've been working hard to make it full-time, and it's almost there, but I realize I need some cushion so I can jump into my business and give it the time needed to replace my current income. I've been scared to make that leap, and no bank will give me a loan since in their eyes, I'm giving up a steady job. My business generates about 60% of my salary now, but I can't get it to 100% without a 100% of me. HomeSteady, being entrepreneurs themselves understood what I needed, helped me use my home for what it is (an asset) and gave me the confidence to invest fully in my business, without unnecessary risk.
Isaac
Washington, DC

You want to build or renovate a new home

My husband and I have beeng wanting to live in the historic district of our town for years, but people just don't sell. We have been working with an older family who was finally ready to sell their home, and they wanted to sell it to us! They love our kids, and wanted a family to own the home. The problem is that it needs a ton of repair and it's not yet livable. We needed the money to start the construction process, because the bank wouldn't give us the upfront cash to pay contractors. Our only option was to sell our current home and move somewhere temporarily. Well, until we found HomeSteady. HomeSteady gave us the perfect option to start working on our home, and when we sell in 9 months when our new home is ready... we'll still get the benefit of the home price increases.
Lindsay
Herndon, VA

You want cash without losing your home

The divorce jacked up my credit. I didn’t realize how bad until I tried to refinance my house and the credit union wouldn’t touch me with a ten-foot pole. HomeSteady helped me get the cash I needed so I could stay in the house.
Sean
Atlanta, GA

You want to build or renovate a new home

My husband and I have beeng wanting to live in the historic district of our town for years, but people just don't sell. We have been working with an older family who was finally ready to sell their home, and they wanted to sell it to us! They love our kids, and wanted a family to own the home. The problem is that it needs a ton of repair and it's not yet livable. We needed the money to start the construction process, because the bank wouldn't give us the upfront cash to pay contractors. Our only option was to sell our current home and move somewhere temporarily. Well, until we found HomeSteady. HomeSteady gave us the perfect option to start working on our home, and when we sell in 9 months when our new home is ready... we'll still get the benefit of the home price increases.
Lindsay
Herndon, VA

Banks don't understand your situation

I work full time for the federal government and I've been building my business on the side. I've been working hard to make it full-time, and it's almost there, but I realize I need some cushion so I can jump into my business and give it the time needed to replace my current income. I've been scared to make that leap, and no bank will give me a loan since in their eyes, I'm giving up a steady job. My business generates about 60% of my salary now, but I can't get it to 100% without a 100% of me. HomeSteady, being entrepreneurs themselves understood what I needed, helped me use my home for what it is (an asset) and gave me the confidence to invest fully in my business, without unnecessary risk.
Isaac
Washington, DC

Process

See if your home qualifies and get an estimate.

Answer a few questions here to get instant pre-approval or denial, and see how much we can offer you. This takes under a minute, is free, and will not affect your credit.

Have all your questions answered on a call with one of our advisors.

We take customer education seriously—we want everyone we partner with to understand how equity sharing or a sale/lease-back works. Ask us anything!

Fill out an online application and upload required documents.

If you’ve applied for a mortgage, you’ll be familiar with this part, though our customers tell us our process is easier. The information you provide here will help us understand your situation better and possibly improve on our offer.

Schedule a home visit with an independent, third-party appraiser to set your initial home value.

If we decide to invest in your home, we’ll need to determine your starting home value, from which to calculate appreciation. To ensure the process is fair, we work with third-party appraisers that we are unaffiliated with. After the appraisal is complete, we’ll finalize our offer to you.

Receive your funds.

We’ll send a notary to you wherever you are to sign closing documents and then electronically transfer the funds to your bank account. A 3-5% transaction fee, an appraisal fee, and an escrow fee will be deducted from your funds. We’ll file a record of the transaction with your county recorder’s office.

Sell your home or buy it back when you're ready.

If you sell your home, HomeSteady is automatically paid from escrow. Customers who aren’t ready to sell typically acquire the funds to repay HomeSteady via a refinance or home equity loan. See our Pricing page to estimate how much HomeSteady might cost.
Improve 401k savings and IRA.
HomeSteady puts you back on the path of steady homeownership. If life comes at you hard, HomeSteady is your rock to give you the stability needed to fight back.
Janine
Bowie, MD

FAQs

  • How do I know I can trust HomeSteady?

    At HomeSteady, we care deeply about our customers—we take customer education seriously and strive for full transparency in our process. We are a better business bureau company and have received high recommendations from past customers. We put prospective clients in touch with our previous customers so you just don't hear it from us.

  • What are the advantages of HomeSteady over a home equity line of credit, refinance, or home equity loan?

    1) If you are able to get financing on your own, that may be the better option. HomeSteady isn't for everyone and our advisors will tell you if we think you'd be better off with a loan. 2) If you have had a hard time qualifying for other equity products, it may be easier to qualify for a HomeSteady investment. 3) Since repayment is tied to your home value, if your home depreciates, your buyback cost will be smaller. 4) It’s equity financing for homeowners! Finally, you can use your home as the asset it's supposed to be.

  • How much does HomeSteady cost?

    When you repay HomeSteady, you will need to pay back the original investment amount plus a predetermined percentage of your home’s appreciation, usually between 25-40%. Check out our Pricing page to understand what this might mean across different scenarios of home appreciation. HomeSteady also deducts fees from the original amount received, covering a home appraisal, escrow, and HomeSteady’s time to arrange the transaction. A full estimate will be provided to you for free as part of your application process.

  • How is my home’s initial value determined?

    After your application goes through an initial review, we’ll arrange for a third-party independent appraiser to come to your home for an on-site evaluation. The initial value, from which appreciation is calculated, is usually adjusted to be 75-80% of this appraised value. This adjustment is a protection for HomeSteady, in case your home depreciates. (In return, as a protection for the homeowner, we cap your repayment so that you never have to pay above a certain amount if your home value increases greatly.)

  • How do homeowners qualify?

    Quickly see if HomeSteady may be a good fit for your situation by visiting apply.homesteady.so - it takes just a minute to see how much you could qualify for. When deciding whether to make an investment or not, HomeSteady will review your credit history, income, home value and equity, and your plan for repayment.

  • Can I pay back HomeSteady without selling my home?

    Yes, many customers pay HomeSteady back with the proceeds from a refinance, HELOC, or home equity loan. Often homeowners who aren’t a good fit for a traditional home equity product use HomeSteady to stabilize and improve their financial situation. Down the line they’re then in a better position to obtain traditional financing which they can use to knock out HomeSteady. HomeSteady works with every customer we fund to ensure they have a viable exit strategy.

  • Is HomeSteady going to try and foreclose on me?

    We never want to foreclose on a customer, and it’s not in our interest financially, so we perform a lot of due diligence upfront to ensure the partnership is a successful one. Since our arrangement with the homeowner is a partnership, HomeSteady only does well when the homeowner does well. HomeSteady is a team of problem solvers passionate about fixing the housing affordability crisis. Nonprofits like the Center for Financial Services Innovation are resources we use to help educate you and monitor our transactions.