Our Declining Balance Co-ownership Program is a unique, Sharia-compliant home acquisition product that has been carefully designed to provide you some very unique benefits. Whether you are buying a home for the first time or wish to replace an existing conventional mortgage, our Declining Balance Co-Ownership Program allows you to enjoy the benefits of home ownership with peace of mind.

Under the terms of our Program you do not repay an interest-bearing loan. Instead, you become a co-owner with an “investor” (Guidance Residential), from whom you acquire full ownership through affordable monthly payments.

Each payment is made of two elements. The first portion is a charge, or a “Profit Payment,” that gives you the exclusive right to the use of the property. The remaining portion of the monthly payment allows you to acquire an increasing share of ownership in the home until you own it completely.

In the case of a home purchase, your initial share of ownership in the property is determined by your initial investment. For qualified applicants, this down payment may be as little as 5 percent of the property’s value. In this case, you will start owning 5 percent, and Guidance will own 95 percent.

If you are replacing an existing mortgage, Guidance will purchase a portion of your home and become a co-owner with you. For qualified homeowners, we can provide a replacement contract to finance up to 95 percent of the appraised value of your property. This allows you to cash out some of your equity to use for home improvement, college tuition or other worthwhile purposes.

With Guidance you are always a partner-never a debtor.