Homium Revolutionizes Home Equity Loans
April 22, 2024, 3:34 pm
Location: United States, California, Los Angeles
Employees: 1-10
Founded date: 2018
Total raised: $10M
Homium, a game-changer in the home equity mortgage industry, recently secured $10 million in Series A funding. Led by Sorenson Impact Group and Blizzard, the Avalanche Ecosystem Fund, this funding will fuel the company's expansion and development efforts.
Homium's innovative approach allows homeowners and investors to achieve their home financing goals through patented technology that monetizes and securitizes owner-occupied home equity at scale. By leveraging capital markets for home equity, Homium offers a fair and transparent product that prioritizes homeowners' interests.
The company enables individual homeowners to "sell" a portion of their primary residence by taking out an on-title second mortgage in the form of a shared appreciation mortgage loan. These loans are then pooled with others in an investment vehicle to offer a tokenized security to investors.
With the first loans already live in Colorado, Homium plans to expand to several other states, providing a unique opportunity for homeowners to unlock trapped home equity and address housing affordability issues.
By tokenizing home equity loans on the Avalanche blockchain, Homium is at the forefront of the real-world asset (RWA) tokenization trend, which is predicted to grow to a $10 trillion market in the coming decade. This move not only democratizes access to investment opportunities but also creates a new asset class for institutional investors seeking uncorrelated, inflation-protected returns.
Through its innovative approach and strategic partnerships, Homium is reshaping the landscape of home financing and offering a valuable investment opportunity for those looking to diversify their portfolios. With a focus on transparency, fairness, and innovation, Homium is paving the way for a new era in the home equity mortgage industry.
Homium's innovative approach allows homeowners and investors to achieve their home financing goals through patented technology that monetizes and securitizes owner-occupied home equity at scale. By leveraging capital markets for home equity, Homium offers a fair and transparent product that prioritizes homeowners' interests.
The company enables individual homeowners to "sell" a portion of their primary residence by taking out an on-title second mortgage in the form of a shared appreciation mortgage loan. These loans are then pooled with others in an investment vehicle to offer a tokenized security to investors.
With the first loans already live in Colorado, Homium plans to expand to several other states, providing a unique opportunity for homeowners to unlock trapped home equity and address housing affordability issues.
By tokenizing home equity loans on the Avalanche blockchain, Homium is at the forefront of the real-world asset (RWA) tokenization trend, which is predicted to grow to a $10 trillion market in the coming decade. This move not only democratizes access to investment opportunities but also creates a new asset class for institutional investors seeking uncorrelated, inflation-protected returns.
Through its innovative approach and strategic partnerships, Homium is reshaping the landscape of home financing and offering a valuable investment opportunity for those looking to diversify their portfolios. With a focus on transparency, fairness, and innovation, Homium is paving the way for a new era in the home equity mortgage industry.