We help consumers overcome the affordability challenge of Southern California real estate by connecting potential homeowner roommates, thereby increasing their purchasing power.
Homeowner Roommates helps you find a great roommate partner and cosigner who you can buy with and improve your financial circumstances.
Renting is harmful to your financial wellbeing. Owning property helps you build wealth and prepare for retirement. Southern California has some of the highest appreciation rates in the country. Don’t miss out on all that wealth growth because you can’t afford a loan.
Why use Homeowner Roommates?
Buying a home is one of the largest purchases you will ever make in your life and the rewards are great! Don’t miss out just because you can’t afford it on your own. We help build a stable living situation that will benefit you.
What if I don’t like my roommate?
If you and your homeowner roommate chemistry doesn’t work out you are not trapped for life! To be obtain mortgage financing lenders requirement a commitment of intent to occupy. This means you must be committed to moving into the property purchased. If after 6 months the partnership relationship does not work for any reason either party can move out.
However, this does not relieve the homeowner roommate owner partner from their financial obligation with the monthly mortgage payment. The best financial solution is to secure an alternative roommate tenant. If this situation occurs the homeowner roommate may NOT be able to rent their room for as much as their share of the ownership mortgage payment and utilities.