Haus operates a co-investing platform that invests alongside homeowners in exchange for immediate access to home equity and discounted monthly payments. The platform includes a customized dashboard that tracks property value and lets owners buy more equity or cash out with funds delivered in days. Since launching the platform last July, Haus has focused on offering flexibility and savings to homeowners, particularly those under financial stress from COVID-19. The company is headquartered in California and says the new funding will enable it to expand partnerships with more homeowners across California, Washington and Oregon. CEO Jonathan McNulty framed the product as an alternative to traditional lending that makes homeownership more manageable. The company did not disclose operating metrics in the article. Haus provides a co-investment financing product that buys equity in a homeowner's property so consumers make monthly payments that both purchase equity and pay the company and its investors, replacing the traditional mortgage relationship. The company was created by Garrett Camp as part of his startup studio Expa and launched in 2016; former Trulia executive Jonathan McNulty joined as CEO and introduced the co-investment model. Haus says its monthly payments are on average 30% lower than a traditional mortgage and caps the option portion so homeowners always purchase at least as much equity as with their first payment. The startup can also work with existing homeowners to replace part or all of a mortgage while sometimes recommending keeping mortgage debt for tax purposes. Haus is currently active in Washington, California and Oregon and the CEO described early demand as significant. The company plans to use new funding to expand its team, increase marketing, and enter new geographies.

Total raised

$23M

Funding rounds

3

Latest round

Series A

Latest activity

Jun 2020