Together with our banking partners, Pacaso offers buyers access to a competitive-rate mortgage for up to 50% 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?Buyers can finance up to 50% of their purchase. A down payment of 50% 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. Once all documents are provided, approval takes just a few days.
What happens if one owner defaults?If one person defaults, Pacaso steps in as the guarantor of the loan, cures the default and then resells the share. 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 mortgage 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 50% 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.