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We finance dreams
Consistent with your values
The #1 U.S. Islamic Home Financing Provider®
Pre-Qualify
Get your pre-qualification status with Guidance Residential. There is no credit check and it takes less than 10 minutes to complete the online pre-qualification process. Select this option if any of the following applies to you.
Pre-Approval
Apply with Guidance Residential for financing pre-approval. You will fill out an online application form and upload required documentation. Select this option if the following applies to you. View document checklist.
Home Shopping
Get connected with a licensed and vetted local real estate expert from Guidance Home Services partner agent network. 97% of home buyers recommended this. Select this option if the following applies to you. Learn more.
Full Approval
Complete your home financing application that you started with Guidance Residential. You will upload the documents that are needed to complete
underwriting review. View document checklist.
WHAT MAKES GUIDANCE RESIDENTIAL DIFFERENT?
Guidance Residential offers unique benefits that distinguish it from other home financing providers. These benefits provide a transparent, consumer friendly home financing option which is consistent with the Muslim faith's strict prohibition on riba (usury).
Co-ownership
Guidance Residential and home buyers each own a percentage as co-owners. Home buyers increase their share over a period of time through a monthly payment.
Risk Sharing
Guidance Residential shares the risk with the homebuyer in case of natural disasters, eminent domain or foreclosure.
Riba-free
The Declining Balance Co-ownership program, does not involve payment of riba. It is 100% riba-free.
No Pre-payment Penalty
There is no pre-payment penalty required by Guidance Residential when a homebuyer wants to pay ahead of the agreed schedule.
Capped Late Payment Fees
Guidance Residential will only charge a capped fee of $50 or less for late payments. The fee covers the expenses involved in administering a late payment rather than the standard 5% penalty, and will not be profited by Guidance Residential.
Non-recourse Commitment
In the event of payment default, Guidance Residential does not pursue any of the homebuyer's other assets.
Independent Shariah Board
Guidance Residential has an independent Shariah Board comprised of notable scholarly authority headed by Justice Muhammad Taqi Usmani, who is also the chairman of the Shariah Board for the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
Endorsed By AMJA
The Declining Balance Co-Ownership Program of Guidance Residential has been endorsed by the Assembly of Muslim Jurists of America (AMJA) - an advisory group to the Muslim American public with experts in the Islamic jurisprudence.
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