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Overview
Haus departs from typical home equity loans by offering you a partnership in home ownership, and giving you access to your home equity.
With a Haus Partnership, you get more flexible terms than with a mortgage loan. Haus also shares in the risks associated with owning a home, including appreciation and depreciation.
A Haus Partnership is best for homeowners who are looking to quickly access their home’s equity but who also want to keep monthly payments low. If you need to pay off other debt or want to renovate your home, Haus makes it possible by allowing you to tap the equity in your home.
Haus offers an alternative to home equity loans and HELOCs with its shared equity agreement. With Haus’s investment, you're able to decide how much equity you want to buy, which then determines what percentage of your equity Haus owns.
Here's what you can get with a Haus Partnership:
You can apply for a shared equity agreement from Haus with its online application. It only takes a few minutes to fill it out with some basic information that will help Haus decide whether you qualify for a Haus Partnership.
Use these steps to apply for a Haus Partnership:
Rates with Haus can vary. To estimate a rate, Haus looks at a range of factors including how much equity you already have in your home. You can use its online calculator to determine how much it will invest in your home.
Haus doesn’t charge application fees, but there are fees including an appraisal, inspection, and closing costs. Similar companies like Hometap can cost up to $2,600 in fees alone. With Haus, this monthly payment depends on Haus’s investment.
Haus also does not say how long it takes to get approved, or the average percentage it invests in homes.
With a Haus Partnership, you continue to pay monthly payments that are up to 35% less than a traditional mortgage. You have the option to purchase additional equity in your home with the click of a button. Monthly payments aside, you aren’t required to pay Haus anything until you sell your home or purchase the remaining equity in your home from Haus. The equity can be re-purchased at the current valuation, or per the terms of the agreement.
Since Haus is a co-investor in your home, Haus makes money based on your home’s worth. If Haus no longer has equity at the end of the 10-year term, you own the home outright. If Haus still owns a portion of the home when the term ends, you can choose to partner with Haus again, purchase the home outright, sell, or refinance.
When you are ready to sell your home, Haus will help you list it on the MLS and all the major search sites for free. You can use a realtor if you choose, but you’ll be responsible for those costs. Once the house is sold, you’ll receive payment for your portion of equity - minus any applicable selling costs - and Haus gets the rest
If you have any questions about Haus, you can reach out to the Haus team by phone or email. The company also has an online resource center with articles, data, and information about how to buy and sell a home. You can also subscribe to Haus’ newsletter to get further tips on homeownership.
Phone: (415) 234-4040
Email: info@haus.com
Haus partners with you to invest in your home, whether you’re a new buyer or your home is completely paid off. It offers competitive options for accessing your equity without monthly payments. Haus gives you all the resources you need to understand how its process works, and its flexibility allows you to pay off other debt without worrying about creating more with a conventional loan.
When Haus invests in my home, do I still own it?
Yes. While Haus is a co-investor, it doesn’t own your home. Your name still stays on the title and Haus retains a Deed of Trust to prove its investment.
How does Haus’s investment differ from a home equity loan or HELOC?
A home equity loan and home equity line of credit (HELOC) both require you to pay monthly to access your equity. A partnership with Haus is not a loan, but an investment product. Additionally, Haus has a different set of qualifying factors than a HELOC or home equity loan. Haus also offers more flexibility with payments.
Does Haus contribute to property taxes, insurance, or other costs?
Haus does not pay property taxes, insurance, maintenance, utilities, or any other costs associated with owning or maintaining a home. You as the homeowner maintain responsibility for those costs.
Can I pay off my home early or cash out?
As long as you maintain a minimum ownership percentage, you can exchange equity for cash. Your payment terms might change, but Haus communicates that to you before you take out more money. If you are ready to purchase your home outright, all you have to do is purchase the remaining equity for your home from Haus at the current valuation, or per the terms of your agreement.
47 Maiden Lane, 3rd Floor
San Francisco, CA 94108
