Ownify lets first-time buyers own a home with just 2% down, covering closing costs and inspections. You start with 20 bricks of a 1,000-brick home, pay rent on the rest, and gradually buy more bricks with each monthly payment. Ownify handles repairs, taxes, and insurance.
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Ownify has developed a new way to help first-time homebuyers buy their first home with only 2% down payment required. We take care of all the rest: closing costs, due diligence, earnest money, inspections, and repairs. The first step is to save your 2% down payment. You can use your own money, or family and friends can chip in and help. Once you've saved 2%, a ownify can help you buy your home. The next step is to get prequalified. Visit ownify.com to apply. Our simple online application takes just minutes to complete. Fill in a few simple fields with your information. If you're buying with a partner, simply add them to the application. We'll email them with the next steps. ownify then quickly performs a soft credit check to make sure you're eligible. This doesn't impact your credit score in any way. Once your credit has been checked, Ownify verifies your income and identity. That's all it takes to see your personalized home buying budget. You're now pre-qualified. It doesn't cost you anything and you aren't committed to our program. Your home budget is the maximum home price you can buy with Ownify. We're also showing you an illustrative payment schedule using your maximum home buying budget to display the 5 years fixed monthly payments. The next step is to sign the Ownify agreement and submit your $500 application fee. Half of this fee goes towards your 2% down payment, while the other half is refundable if you don't end up buying a home with Ownify. Now we're ready to move forward as partners to purchase your new home. You can work with your agent, or we can recommend a great agent in your area. They'll help you find the home that's perfect for you within your Ownify budget. And while you're looking with your agent, Ownify is working hard behind the scenes. So when it's time to make an offer, you can move fast. Once you find the perfect home, we update the agreement with details of the home and send you the actual 5-year fixed payment schedule. After you sign the updated documents and send Ownify the 2% down payment, your agent can submit our full cash offer, ensuring you look attractive to the seller. ONFI's experienced closing team takes care of everything from this point to win the home, working with your agent and local third parties like an inspector and closing attorney to finalize the deal. The day has come when you receive the keys. We're thrilled that you have partnered with us to purchase your home. You are now an ONI and have freedom and flexibility as shared owners in your home. Stress, worry, and uncertainty are things of the past. So how does shared ownership work? Well, think of your home as 1,000 bricks. With the Ownify program, you buy 2% of the bricks on day one. 2% is equal to 20 bricks. In partnering with you, Ownify owns the other 98% of the bricks, and you pay rent on the bricks you haven't bought from us. You buy more bricks every month. Over time, you own more of your home outright, reducing the bricks you have to rent from Ownify. You're buying your home brick by brick. One simple monthly payment covers your occupancy, repairs, taxes, insurance, and buys more bricks every month based on the current home value, building your equity ownership in the home. Ownify will arrange and pay for any necessary repairs. You can relax knowing that if anything goes wrong in your home, a leaky roof or a broken water heater, We have it covered. We only work with trusted local contractors to make repairs. Ownify covers everything for your home from property taxes to insurance. The only things you need to organize are utilities and internet service. As an ONI, you can decorate, renovate, and even remodel your home. Of course, any major work needs to be permitted and approved by Ownify. Once you buy out the remaining BRICKS from Ownify, any increase in the property's value based on the improvements you have made is yours to keep. Ownership on day one. No mortgage. Affordable payments. Ownify. A revolutionary new path to homeownership.
