Goodbye✌️mortgage.
👋 Hello Balance.
Co-Ownership with Balance allows you to get the cash you need to pay off your mortgage and other debts. Sell a portion of your house to us, we become co-owners, and you remain in your home.
Simplify your finances
Break the debt cycle and get back on track.
Pay off your debt
Use the cash from Balance’s purchase to pay off your mortgage and reduce high-interest debts.
Lower your payments
New monthly payments can be up to 30% lower compared with current monthly mortgage and debt payments.
Flexibility, built-in
Life happens. Sell additional home equity to cover unexpected expenses.
Rebuild Your Credit
With your mortgage paid off and other debts, Balance partners with co-owners to rebuild their credit scores.
Most single-family homes qualify
No minimum credit score, takes 1 minute
How Balance works
Balance buys a portion of your house – but you stay in your home
As part of the purchase, Balance buys a portion of your home, pays off your mortgage and becomes a co-owner. Balance shares in the costs of maintaining the property, as well as the benefits, including sharing future appreciation.You remain an owner living in your home – with the support you need to address debts and work toward full ownership again.
Pay off your
debts
Get up to $680k to pay off your mortgage and other debts. You’ll make a monthly payment to Balance that also includes your share of taxes, insurance and HOA fees based on your ownership percentage.
As a Co-Owner, Balance also pays its share of these expenses each month.
Rebuild your credit and go back to a traditional
mortgage
Get your finances back on track and improve your credit with the help of HUD-certified counseling, credit repair support, and incremental equity buyback tools.
With no minimum term, you have the flexibility to buy out Balance’s share when you’re ready with cash or through a traditional mortgage. Or you can choose to sell your home and receive your share of the proceeds.
Get your free proposal today
Takes 1 minute・No minimum credit score
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Co-Owners love Balance
“Balance Homes was amazing to work with. Their team walked us through the entire process and was always available to help us with any questions we had. Everything was up front, with no hidden agenda. I look forward to continuing to work with Balance Homes!”
“Balance helped me and my family at a time when no one else could. I appreciate their willingness to help me to achieve my goals. Thank you for your passion and dedication.”
“Awesome. Balance arrived in my life at a time when I needed them most. Balance provided me with a product that gave me the flexibility I needed to get back on my feet and move my life in a positive direction. The staff understood my situation, remained patient throughout the entire application and approval process, and help me feel comfortable about every step of this new beginning. Thank you, Balance!”
“What a great team. They all worked together excellently. Any questions I had during the process was great and they explained everything. I do recommend them to be the help you need.”
“Everyone I have talked to at Balance is always so supportive and friendly… They really want to help you make the whole experience a positive one. They were able to help me keep my home and get back on financial track.”
"I have had one of the most supportive, pleasant and superb communications with Balance Homes. The team reminded me that we were on the same page, had my goals as the ultimate focus and I felt the human interactions every time. I never felt pressured, nervous or unsure. Any questions I had were promptly answered and the team never made me feel insecure or silly anything I wanted clarification on."
Balance vs. Refinancing
It shouldn't be so tough to access the equity you've built in your home.With Balance, it isn’t.
Frequently Asked Questions
How does Balance work?
Balance purchases a part of your home for cash (including a payoff of an existing mortgage and other debts) and becomes a co-owner. As a co-owner, Balance shares in the costs of maintaining the property (for example, its percentage share of property taxes, homeowners’ insurance, and HOA fees) as well as any appreciation or depreciation of the home – only for the length of the term. The monthly payment you make to Balance consists of your percentage share of property taxes, homeowners’ insurance, and HOA fees, a management fee, and an occupancy waiver fee to compensate Balance for giving up its right as an owner to occupy the home with you.
How long will Balance be a co-owner?
We have made Balance as flexible as possible for our co-owners, so there is no minimum term. Balance currently offers a 7 year maximum term. The co-ownership arrangement will end whenever you buy out Balance’s share (with cash or and a traditional mortgage), when you sell the home entirely, or when Balance buys out your remaining share.
Are there any closing or other costs associated with a Balance transaction?
Balance charges a transaction fee equal to 3% of the purchase price and you are responsible for paying the closing costs (e.g., title and escrow expenses). You have the option to pay all of the closing costs with a portion of your home equity so that you do not have to pay cash out of pocket at closing. You will be provided an estimate of costs prior to closing so there’s full transparency on your co-ownership and path to recovery.
Can I purchase Balance’s shares in my house?
Yes. At any time, you can make Equity Purchases to incrementally buy back Balance's ownership share and increase your own up to a certain threshold. You can also repurchase Balance's full interest at any time.
What are the costs associated with the Co-Ownership Program?
Balance charges a one-time transaction fee of 3% of the purchase amount at closing, plus third parties charge standard closing costs (estimated at approximately 0.83%). These costs are typically covered using home equity, meaning most homeowners do not pay cash out of pocket at closing.
What is the monthly cost to me?
During the time that we are co-owners with you, you will pay a monthly fee that consists of an Occupancy Waiver Fee – this waives Balance’s right to occupying the property with you. This also supports your share of property taxes, homeowners’ insurance, and HOA fees, and a management fee. The monthly fee is designed to be lower than the monthly payments you were making to pay your mortgage and other debts.
