There’s no additional fee to use HomePass™. Both Lower and Orchard earn revenue on the real estate and mortgage transaction, just like a traditional agent and lender.
If we end up stepping in to buy the home for you, you can move in and we’ll cover the costs to own and hold your new home for the first 30 days. This is typically how long it takes most customers to complete their financing.
If you need to stay longer than 30 days, you’ll be responsible for a daily rent to cover expenses like utilities and maintenance. Typically, these are $50-100/day but vary based on your home’s size and location. Your Buying Advisor can share an estimate when you meet.