Originators

Homium is a fast and simple way for homeowners to leverage their home’s equity.

Offer your clients a superior shared appreciation loan product with a simple pitch and seamless process. Now you can let borrowers leverage a slice of their home equity and make no payments until they choose to sell or refinance and repay only the percent they secured.

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Simple terms

Easily underwritten

Streamlined Process

What is Homium

A Fair and Transparent Loan

For borrowers with equity that do not want monthly payments or additional interest burden, a Homium shared appreciation mortgage loan is an attractive option. When compared to other options (HELOCs, HEIs), Homium loans are more fair, less complex, more transparent, and considerably more affordable over the life cycle of the loan. In most cases, Homium loans cost less, are easier to understand and provide far more flexibility and independence for a homeowner when compared to similarly positioned products.

How Homium Works

Why Homium?

Easy Application with a Familiar Process

Applying for a Homium loan is a familiar process for you and your clients. A Homium loan is brokered, disclosed and underwritten like any second mortgage. Interested in offering a Homium shared appreciation loan to your clients?

OFFERING HOMIUM LOANS

Easy to Implement and Versatile for a Variety of Situations

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Versatile for a Variety of Loan Situations

Use of funds by the borrower is not restricted and can be used for home improvement, to pay down debt, or for life’s big events like college, weddings, or to pass down to the next generation.

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Simple Terms

Homium secures a fixed percentage of your home’s equity and pays off only when you sell or refinance your home. It couldn’t be simpler.

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Easily Underwritten

Borrowers current on their 1^st mortgage simply need a qualifying appraisal and no major credit defects to qualify, subject to terms and criteria available on request.

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Close Fast

Homium is a fully digital lender with integrated appraisal, documentation and closing, making it the fastest-to-close home equity loan of its kind.

FAQ

If you would like to learn more about how to offer Homium shared appreciation to your clients, reach out today.

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You say no payments and no interest, how does Homium work?

That’s correct. Homium requires no monthly payments and does not charge or accrue interest. Instead, Homium earns a share of the home’s appreciation during the life of the loan 1-to-1 with the homeowner. By example, if a home owner borrowed 10% of their home’s value ($50K on a $500K home) and their home increased in value by 50% (to $750K), then when hey repay the loan at sale or refinance they would owe 10% of their new home’s new value ($75K) based on an arms length sales price or qualifying appraisal.

Will Homium become available outside of Colorado?

We expect to expand into new markets in 2024.

What property types are allowed with Homium?

Residential properties or dwellings of 1 to 4 units, on an individual plot, condo or PUD. Homium does not lend to vacant properties, co-ops, manufactured housing, agricultural properties, or vacation properties. Contact us for more information about our underwriting standards.

Is there a minimum credit score for Homium?

Credit scores are required for all loans closed and funded by Homium with a minimum of 620. Additional terms and conditions apply.

Can I do a rental property or a second home with Homium?

Homium is only available to borrowers who own and reside in owner-occupied homes, and is not available for rental properties where the owner is not a full-time resident.

How can I sign up to become an approved originator?

If you are a licensed mortgage originator and wish to offer Homium shared appreciation to your clients, contact us below.