GradEquity Mission
Our mission is to help people with student debt buy homes. Homeownership provides a stable place to live and has traditionally been an important way to build wealth. We recognize that this traditional path has become more challenging due to both higher home prices and the rising cost of higher education. We feel it’s unfair that professionals struggle to qualify for a mortgage and save enough for a down payment despite getting the high quality education that society says they should get. We want to help.
By paying off student debt and assisting with the down payment, we put people in a position to buy homes now with more favorable mortgage rates and terms. This allows people to save more, build equity, take advantage of tax deductions and benefit from home appreciation. In short, our program leverages home equity to pay off student debt instead of today’s status quo where borrowers incrementally chip away at their student debt for many years before they can ever qualify to own a home.
We’re passionate about solving this generational impact to families and our nation. Combining for decades of experience leading products and businesses aimed at helping college graduates realize an ROI on their education and achieve home ownership, our founders often encountered scenarios where people struggled to overcome their student debt and were unable to buy homes. So, with GradEquity, we have set out to innovate a solution that accelerates the timeline for people with student debt to purchase a home and start building their future now.