How to apply
You need to click on the "Get an estimate" button. Once you input the address and click on the button below, you will be sent to a page that requires you to enter your contact information. On the very same page, you will receive an estimate of how much you will be able to unlock.
From there, you will have to create an account with a valid email address in order to initiate the application process. You will be asked to provide contact info, information regarding your income, and other key details. You will then provide more information about your housing situation and will agree to a soft credit pull. After checking for credit score and history, you will be asked to upload documentation to corroborate everything you've already submitted.
Once your home is assessed or assessed and inspected, you will receive an offer with a limited amount of time to act on the offer before it expires. After you accept the offer, the close can be scheduled within just three days.
Requirements
The major requirements for using this company's offer include:
A credit score of 620 and above;
LTV less than 75%;
Good debt-to-income (DTI) ratio;
Owner-occupied home;
Being located in one of 30 states in which Unison operates in.
Application details
The company doesn't provide a document checklist on their website, but you will be asked to provide personal information, info regarding your income, and lots of documents related to the house. It can be presumed that this company requires a fairly standard list of documents, including state-issued IDs, proof of income, and an exhaustive list of property-related documents and reports.
Usually, it doesn't take long for this company to consider your application. However, when you consider that Unison's funding is usually available to customers in about a month, the entire process can take up much more than a month.
Among the most common reasons for rejecting the problem may be issues with the application (incorrect or incomplete data) or the property itself. You can also simply not meet the credit score or DTI requirements set by this company.
