Invested in Homeowners and Their American Dream
What is the Coalition for Home Equity Partnership?
The Coalition for Home Equity Partnership (CHEP) is a collective of companies dedicated to providing innovative home financing solutions through shared equity products. These innovative financial products allow homeowners to tap into the equity they have built in their most valuable asset — their home — without taking on debt.
Empower Homeowners
CHEP members enable homeowners who may not qualify for mortgage loans — such as small business owners or entrepreneurs — to access the equity they have built to meet their financial goals.
Ensure Fairness & Transparency
Members provide homeowners with clear and straightforward terms. CHEP advocates for policies that protect homeowners and ensure they fully understand their financial options, fostering trust and confidence in the marketplace.
Innovate with Purpose
Homeowners deserve more options when choosing what is best for their financial future. CHEP members offer innovative, competitive, and accessible products that enable greater financial flexibility and opportunity for homeowners of all financial backgrounds.
Coalition members offer homeowners a highly transparent process designed to ensure they are well-informed, and support clear and appropriate federal and state regulations that protect homeowners and assure a fair, efficient, and competitive market.
It is important to note that a shared equity product is not a loan — it is an investment in the property. Shared equity products have no interest rate and no monthly payments.
With shared equity products, homeowners receive a lump sum payment without the burden of monthly payments. In return, the investor shares a portion of the home’s equity when the homeowner decides to either sell the home or buy out the investment, or at the end of the investment term.