Wednesday, October 16, 2013
Equity Investment in Your Home
They put up to 50% of the down payment on a house in exchange for a share of the equity whenever the house sells. There are no mortgage payments and no interest on this money. It is a form of shared appreciation.
Conversely, if the market goes down, they also share in the loss, thus mitigating some of the risk for the homebuyer.
For more information on this program, see this article from the LA Times: