You don’t need a huge down payment to own your home.
Buy it with co-investors, move in now, and buy their shares whenever you’re ready, until the home is 100% yours.
Bob and Anna’s story
Bob and Anna have rented for ten years, always on time. They have fair to good credit and can get a $250,000 mortgage. They found a $500,000 home but had only $10,000 for a down payment.
With HutFund, two co-investors fund the remaining $240,000, $120,000 each. Bob and Anna move in now, owning 52%. If they later buy 10% of the home while it is still worth $500,000, that costs $50,000.
How it works for you
- Find a home. Your mortgage and down payment cover part of the price.
- Co-investors fund the rest. They buy their share, so you can buy now.
- Move in and live. You pay the mortgage, tax, insurance and repairs.
- Buy more whenever you can. Choose how much, and ask your co-owners who is willing to sell.
- Own 100%. Keep going until the home is fully yours.
Affordability check
Change the numbers to see how much co-investors would fund.
Illustration only. Real terms depend on the lender, the appraisal and the co-ownership agreement.
You pay
- Your mortgage
- Property tax
- Home insurance
- Repairs and upkeep
You don’t pay
- Rent to the investors
- Fees to the investors
- Penalties for buying early or late
- Minimum amounts to buy more of the home
Who it’s for
Renters with steady income, a record of on-time payments and a credit score that can qualify for a mortgage, who are short of a down payment. You will be asked to confirm your identity and income, and your lender must be willing to lend on a co-owned home. Lender requirements are still being confirmed.
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Joining is an expression of interest, not an application or an offer.