Together with our banking partners, Pacaso offers buyers access to a competitive-rate mortgage for up to 70% of their home’s purchase price.
Pick what works for you
Use cash and enjoy mortgage-free Pacaso ownership.
Tap a home equity line of credit (HELOC) or a personal line of credit.
Apply for a competitive-rate mortgage offered in partnership between Pacaso and our banking partners such as First Republic Bank.
Peace of mind
We've got you covered
Pacaso serves as corporate guarantor of the loan, vetting qualified buyers and protecting you if a co-owner defaults. Have questions?
What down payment is required to purchase a share of a second home?
Buyers can finance up to 70% of their purchase. A down payment of 30% is required.
What are my options for financing?
Buyers have three options for payment. They can pay cash, take out a personal line of credit or access conventional financing through our partnership with First Republic Bank.
How quickly can I get approved?
The approval process is straightforward and fast. We’ll request a copy of your driver’s license, pay stubs, a tax return, a current bank statement and a credit report. Once all documents are provided, approval takes just a few days.
What happens if one owner defaults?
If one owner defaults, Pacaso steps in as the guarantor of the loan and continues to make all payment obligations of the loan and any associated operating expense of that owner. If the owner cannot cure the default, Pacaso can resell the share to a new owner. This protection is one of the many benefits Pacaso owners enjoy with our fully managed LLC co-ownership program.
Is the loan in my name?
The loan is between First Republic Bank and the LLC. Borrowers access financing directly from the LLC.
Can I pay off my loan early?
Yes. There is no prepayment penalty for buyers who finance with First Republic Bank.
How and when do I make my payments?
Your monthly payments are automatically deducted safely and securely using ACH.
Is there a financing fee?
For buyers who choose to finance up to 70% of their purchase through Pacaso’s banking partners, a small fee will be assessed at closing. Our Crew will provide detailed information about financing options and costs.
Can I pull out equity on my Pacaso share?
No. The Pacaso property cannot be encumbered by any other debt outside of the financing options arranged by Pacaso on behalf of the LLC. This is to protect every owner of the LLC. It is worth noting that in the case of a share being resold, any appreciation in the share price being sold is all kept by the selling owner, not Pacaso.