What are the costs associated with Unison?

Frequently Asked Questions

What are the costs associated with Unison?

For the Unison equity sharing agreement, Unison will deduct a 3.9% transaction fee from your agreement at closing.

Additionally, you are responsible for third-party costs such as appraisal and settlement costs (including title, state taxes, and recording fees). Appraisal fees generally range from $450 to $1,250, home inspection fees typically range from $650 to $1,050 and settlement costs range from $700 to $1,750, depending on your area. Your exact costs will be provided to you prior to closing.

In addition to our standard 3.90% transaction fee, customers who obtain an equity sharing agreement from Unison are responsible for the cost of their home inspection. (There is no home inspection fee for customers who choose not to work with Unison). If you happen to have a recent home inspection that meets standard criteria, let us know and Unison will consider using that one instead.

If you choose not to work with Unison, you will not be responsible for any fees. Additionally, Unison pays any cost of credit reporting, as applicable.

Frequently Asked Questions

What are the costs associated with Unison?

What is an Equity Sharing Agreement?

How much funding is available?

How long is the term and what happens at the end?

If I partner with Unison, who owns the home?

What percentage of the future change in the home’s value will Unison share?

How does Unison secure its interest in the property?

Does Unison benefit from the equity that is built as I pay down my mortgage?

What is the Risk Adjustment and how does Unison determine my home’s starting value?

In which states are Equity Sharing Agreements available?

What is the Owner Occupancy Requirement?

What kind of properties are eligible?

Am I allowed to rent my property in the future?

What is the "restriction period"? Can I sell my home at any time?

What does Unison need to know in order to determine whether they will invest in my home?

Why does Unison require a home appraisal and is it accurate?

What do I need in order to qualify for a Unison equity sharing agreement?

How does Unison store and protect my information?

Do you have to check my credit? When does that happen?

How does Unison assess my property?

Will Unison share in the value of my home improvements?

What happens if I get behind on home maintenance?

What happens if there is a foreclosure?

What happens if I can't make my mortgage payments and default?

How does Unison affect my taxes?

If I choose a Unison equity sharing agreement, can I still refinance in the future?

What if something happens to me during my agreement?

In what situations would Unison not be the right option?

How is Unison's profit or loss calculated upon sale?

Can I buy out Unison's investment in my home?

What happens when I decide to sell my home?

Who decides when our partnership ends? Can you force me to sell my house?

Is it possible I could end up owing Unison back less money at the end than I received at the beginning?

Does Unison share in selling costs?

What is a Deferred Maintenance Adjustment?

What is the Equity Appreciation Limit and how does that affect my payment to Unison during the Restriction Period?

Who is Unison?

What is Unison’s business model?

How do I know if I can trust Unison?

Where does Unison’s funding come from? Who are your investors?