Three ways co-owners finance a home

Buying a home with others is exciting — but figuring out the loan can feel complicated. The good news: yes, financing is possible, and there are proven ways to make it work.

At Joynt, every property is held inside an LLC. That’s the foundation that keeps ownership clear, flexible, and safe. Financing fits within that framework, and the best path depends on your group’s goals.

Here are three ways co-owners can finance their shared home

1. Group Mortgage (Conventional Residential Loan → into the LLC)

The most familiar option. All co-owners apply together for one mortgage, and the lender looks at everyone’s combined financial picture.

How it works:

• The loan closes in personal names, as most lenders require.

• With Joynt, the property title is then transferred into the LLC (with lender approval), so the ownership matches our framework.

Why people like it:

• Access to the lowest residential rates.

• Widely available through banks and credit unions.

• A familiar process for most real estate professionals.

The challenge:

• Everyone is tied together financially; one missed payment impacts all.

• Removing an owner usually requires refinancing.

How Joynt helps:

• Ensures the property moves into your LLC after closing.

• Requires shared cash reserves to cover payments if someone falls behind.

• Provides clear agreements for exits and defaults, so the group is always protected.
  
  

2. Commercial Loan (LLC from Day One)

Here, the LLC is the borrower from the start. Owners are members of the LLC and personally guarantee the loan.

Why people like it:

• Liability is cleaner — the loan belongs to the LLC.

• Selling or transferring shares is much simpler.

• Lenders see a professional structure with formal agreements.

The challenge:

• Rates are typically higher than residential loans.

• Fewer lenders offer this type of product.

• Applications may involve more paperwork.

How Joynt helps:

• Creates and manages the LLC that owns the property.

• Provides the operating agreement lenders expect to see.

• Builds in reserves and safeguards that make the LLC a stronger borrower.
  
  

3. Seller Financing (Inside the LLC)

Sometimes you can skip the bank. With seller financing, a seller (or an existing co-owner) provides the loan directly.

How it works:

• The buyer joins the Joynt LLC.

• Payments are made directly to the seller under a promissory note.

Why people like it:

• Flexible, negotiable terms.

• Faster closings without bank underwriting.

• Works well when one co-owner sells their share to a new buyer.

The challenge:

• Terms can be less favorable than a bank loan.

• Strong legal documentation is essential.

How Joynt helps:

• Keeps all share transfers inside the LLC.

• Ensures new members follow the same rules and protections as everyone else.
  
  

At-a-Glance Comparison 

Other Options & Key Concepts

• Pay Cash: Straightforward — still titled into the LLC.

• Personal Loan: Rarely practical beyond small shares.

• Crypto-backed Loans: Emerging but volatile.

• TIC Financing: More common in multi-unit buildings; rarely used for single shared vacation homes.