Homebase offers accessible financial products that enable homeowners in Southeast Asia to invest in and purchase real estate with as little as 8% down payment, eliminating the need for complex documentation and strict income verification. The platform also provides opportunities for investors to earn passive income by facilitating bank loans for homebuyers without requiring any upfront capital.
Funding
$30M 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.
AVFounders
Product
Problem
In Southeast Asia, many individuals and foreign nationals face challenges in accessing traditional mortgages due to complex documentation requirements and strict income verification processes, hindering their ability to invest in or purchase real estate. Existing homeowners also lack flexible options to unlock the equity in their homes without resorting to traditional mortgage loans.
Solution
Homebase provides accessible financial products that enable individuals to invest in and purchase real estate with a lower down payment and simplified qualification process. The platform offers up to 80% financing for home purchases, catering to both local and foreign buyers. For homeowners, Homebase offers an alternative to traditional mortgages, allowing them to access up to 80% of their home's value with flexible repayment options. Additionally, Homebase provides opportunities for investors to earn passive income by facilitating bank loans for homebuyers, without requiring upfront capital investment.
Target Audience
Homebase targets first-time homebuyers, foreign nationals seeking property ownership, existing homeowners looking to unlock equity, and investors interested in generating passive income through real estate financing in Southeast Asia.
Features
- Financing for home purchases with down payments as low as 8%.
- Support up to 80% of the property value for qualified buyers.
- Simplified application process without complex documentation or strict income verification.
- Available to both local and foreign nationals.
- Alternative financing options for existing homeowners to access equity.
- Passive income opportunities for investors by supporting homebuyer loans.
- Secure real estate investments registered under the investor's name.