Hogarizate

Hogarizate offers a proptech solution that converts rental payments into a down payment for aspiring homeowners. Through lease-to-own agreements, users build equity over time while receiving guidance on mortgage qualification.

Updated 2 months ago

Funding

Funding not disclosed

Funding rounds are not available yet.

Founders

Founder details are not available yet.

Product

Problem

Aspiring homeowners often face significant barriers to entry, primarily the substantial upfront capital required for a down payment. Traditional mortgage qualification processes can also be challenging for individuals who may not meet immediate lending criteria, delaying or preventing homeownership.

Solution

Hogarizate provides a proptech solution that bridges the gap to homeownership by converting rental payments into a down payment. The platform facilitates a lease-to-own agreement, where a chosen property is acquired by an investor, and the user enters into a contract for rent and purchase. Over a defined period, typically 4-5 years, a portion of the monthly payments is allocated towards building equity, effectively accumulating the down payment needed for a mortgage. Hogarizate offers guidance throughout this process, including financial assessment and advice on securing the final mortgage.

Target Audience

The primary target audience includes individuals and families seeking to purchase a home but who require a structured pathway to accumulate a down payment and improve their mortgage eligibility.

Features

Lease-to-own contracts structured over 4-5 years, converting monthly payments into equity.
Facilitates property acquisition by connecting users with investors who purchase the chosen home.
Monthly payments are segmented into an allocation for the down payment and rental fees.
Pre-qualification process to establish an initial approved amount for property search.
Financial assessment and advisory services to guide users toward mortgage qualification.
Contracts are denominated in UF (Unidad de Fomento) to account for inflation and property value appreciation.
Allows for complementary income from multiple individuals to improve mortgage eligibility.
Focus on new properties (houses or apartments) within the Metropolitan Region.
Includes operational and notary costs for the investor's property purchase within the advisory contract.
Offers optional contract extensions for up to 6 months to increase the accumulated down payment.