Same house, better price

With a Jubilee leasehold, you purchase the home and Jubilee purchases the land beneath it. This allows you to enter the housing market without the traditional burden of purchasing both the home and the land upfront. You then lease the land from Jubilee for a term of up to 99 years, with the option to buy the land whenever you're ready.

Jubilee buys the land so you don’t have to. That means you have a lower purchase price, lower down payment, and lower monthly payment for the same house. This also makes it easier to qualify for a mortgage.

Absolutely, you can get a normal mortgage to buy the house and also refinance your mortgage if interest rates go down. Jubilee's ground lease is in compliance with agency leasehold guidelines including Freddie Mac and FHA.

Jubilee leaseholds can offer lower upfront costs, lower monthly payments, and expanded purchasing power compared to traditional mortgages. You still build home equity and enjoy all the benefits of homeownership, but without having to buy the land.

Jubilee partners with investors who have very long term investment horizons. For example, a pension fund has to make payments to their retirees over the next 50+ years. As a passive long term partner in the land, we help these investors meet their funding obligations both today and well into the future.

Jubilee's mission is to make homeownership more accessible and attainable for everyone. By purchasing the land, Jubilee lowers the barrier to entry, especially in expensive markets, allowing more people to realize their dream of owning a home.

Not at all! Leaseholds have been used to make housing more affordable in expensive markets for decades, including places like Phoenix, Hawaii, Palm Springs, Palo Alto, and Newport Beach. Jubilee is making it possible to use this affordability tool everywhere.

Your rent is set at the beginning of the agreement and is adjusted annually for inflation (based on the Consumer Price Index). Your rent can never increase more than 5% annually, even if inflation is higher. This protects you from excessive rent increases while ensuring that Jubilee's investment keeps pace with inflation in the long run.

As a Jubilee homeowner, you're responsible for common homeowner expenses for the entire property. These include property taxes, homeowner's insurance premiums, utility charges, and community assessments, which you'll pay directly to the relevant entities.

Yes, you have the freedom to make improvements to your home. And if you make material improvements to the property (e.g. adding a pool, bedroom, or in-law unit) then we don’t share in the lasting value you created.

Yes, once you have lived in the home for a year you can rent out your property. You’ll simply notify Jubilee before your renter's lease starts and provide us with a copy of the written sublease agreement.

Jubilee provides a five-day grace period for late rent payments, at which point we may charge a late fee. In the unlikely event that you are unable to make your rent payments longer term, we will work with you to find an amicable solution that preserves the equity you’ve earned. As a last resort we do have the right to terminate the lease and evict any tenants from the property.

You always have the option to purchase the land at any point during the 99-year lease term. The buyout price is based on the total property value at the time you wish to buy the land. If the property has increased in value, then we share proportionally in the total property value, based on how much we originally invested. If the property has not increased in value, then the buyout price is the original amount we invested.

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For example: We buy a property together today for $1,000,000, where Jubilee pays $650,000 (65%) for the land and you pay $350,000 (35%) for the house. Ten years later the property is valued at $1,500,000. You can buy us out for 65% of the $1,500,000 property value, which is $975,000.

Your lease is fully transferable, meaning you can sell your home at any time without any restrictions from Jubilee. If you prefer, Jubilee can also help with the sale of the entire property, including the land and the home, ensuring a smooth and hassle-free process.

Yes, in the event your heirs inherit the property they would simply be assigned the lease. They will be responsible going forward to make the rent payments under the lease.