The startup offers a real estate co-investing platform that enables investors to purchase equity alongside homeowners, providing immediate access to home equity and reduced monthly payments. This approach addresses the high costs of homeownership by offering a flexible investment model and personalized dashboards for tracking property value.
Funding
$32.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional mortgages require substantial upfront capital for down payments and can result in high monthly payments, making homeownership inaccessible for many individuals. Homeowners also face challenges in accessing their home equity without incurring additional debt.
Solution
Haus offers a shared equity investment platform that allows individuals to co-invest in a home alongside the homeowner, providing an alternative to traditional mortgages. Haus invests in a portion of the home's equity, reducing the homeowner's upfront costs and monthly payments. Homeowners can buy and sell equity through the Haus dashboard, providing flexibility to access cash or increase their ownership stake. The homeowner retains ownership and is responsible for maintaining the property, while Haus shares in the home's appreciation or depreciation over a 10-year term. At the end of the term, the homeowner can sell, renew, or pay off Haus's investment.
Target Audience
The primary target audience includes first-time homebuyers, individuals seeking to reduce their monthly payments, and homeowners looking to access their equity without taking on additional debt.
Features
- Shared equity investment model reducing upfront costs and monthly payments compared to traditional mortgages
- Flexible equity management through an online dashboard, allowing homeowners to buy or sell equity as needed
- 10-year investment term with options to sell, renew, or pay off Haus's investment at the end of the term
- Co-investment structure where Haus shares in the home's appreciation or depreciation
- Access to various programs designed to support community members such as teachers, doctors, and single parents