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CO-BUYING

Co-buying puts you into a home today.

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THE PROGRAM

Owning a home does not have to be a solitary venture. It is possible to co-own a home with family members or friends in order to share the burdens of homeownership, both financial and otherwise. Co-ownership is a home buying strategy when two or more people purchase a property and agree to share ownership. 

KEY NEED TO KNOW

  • Must be eligible for a mortgage

  • You don't have to be married

  • Combine income and credit
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TAKEAWAYS

  • Joint owned property is any property held in the name of two or more parties, like husband and wife, or business partners, friends, or family members.

  • The risks of joint owned property are the potential for financial issues with partial ownership of a property, like one party wanting to sell their share.

Swipe to see how it works. 

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