Get fully equipped in five weeks to house hack your way to your first home.
Apply toGet notified when the next accelerator is announced.
Real help is on the way
Some participants have the opportunity to receive up to $25K based on certain eligibility criteria. (see FAQ for more details)
Hack the home-buying process
Utilize various assistance programs and house hacking strategies to afford more home.
Master the ropes
Gain skills to comfortably succeed at every step of the process like a pro, from a pro.
Build your all-star team
Have the best lenders and agents working for you, all quarterbacked by your Nestment mentor.
Bring attention to efforts to combat the home affordability crisis.
Help people achieve financial independence through home ownership.
Balance serving the most people with those who need help the most.
Accelerate the adoption of house hacking as a viable means.
Nestment helps people buy their first home through a combination of home affordability strategies and helping them navigate the homebuying process.
Nope! But we do work closely with Fannie Mae and have a deep understanding of current lending products and options available to home buyers.
It takes place virtually through a combination of weekly meetings and tasks you complete on your own time. Live weekly meetings will happen on Wednesdays, starting May 21 and ends on June 25th. Sessions will take place 5:30PM - 7:00PM EST. We will have a final assignment that will be due by EOD Wednesday, June 25th.
There is no fee for the application or the accelerator program. In fact, Nestment is completely free to use for home buyers as well!
While we can’t reveal the exact criteria, we evaluate a combination of factors including readiness to purchase, commitment to the program, and need.
We get it, life is busy, but we do expect accelerator participants to attend 4 out of the 5 live meeting sessions and complete the weekly action items in between sessions. The weekly action items typically take no more than 30 minutes to complete.
Participants have the opportunity to receive up to $25,000 in the form of a rebate upon closing their purchase. The criteria for who receives assistance and how much they receive depends on their specific situation.
To be eligible to receive up to $25K, you will need to work with a vetted and trusted Nestment Partner Agent. Don’t worry, we’ll match you with one.
Every participant will receive weekly lessons covering each phase of the home buying process, a dedicated homebuyer coordinator to help through the home purchase process, and access to highly qualified lenders and agents. Additional rebates are also available on a per person basis.
You’re certainly not required to buy a home. That being said, we are looking to work with highly motivated buyers who are looking to purchase a home in the near future.
Our goal is to get you ready and prepared to confidently place a bid on the right listing when it hits the market, whenever that is. We will keep working with each participant on a personalized basis until they’ve purchased a house successfully.
Of course! We originally started Nestment for friends and family to purchase homes together and essentially invented the co-buying process. You can indicate on the application form that you have a group you intend to co-buy with.
At the moment, the program is only focused on home purchases within the United States.
Get notified about the next accelerator.
Apply toGet notified when the next accelerator is announced.
Home Affordability Calculations
These calculations utilize the Fannie Mae multifamily home loan program to put a 5% down payment for a 30 year fixed mortgage at a 6.5% interest rate (rates subject to market conditions) on a triplex property.
Home Price
The total down payment available is calculated by multiplying the down payment amount by the total number of co-buyers in the group. The home price is then calculated by dividing the total down payment amount by 0.05 to simulate a 5% down payment. If the amount is greater than the max triplex loan limit of $1,033,000 then that limit amount is used. Higher loan limits do exist for quadplexes.
Equity Growth
The equity growth is calculated by dividing the pro rata projected equity value in the home in 5 years by each member’s down payment amount. The projected 5 year equity value factors in the home locality’s forecasted appreciation along with the principal contribution portion of each monthly mortgage payment. The return is significantly higher than the projected appreciation of the home because it is calculated relative to the down payment amount, which makes for a more accurate measure of return on initial investment.
Monthly Cost
The monthly cost is calculated by subtracting the monthly mortgage amount from the city's projected median rent for a 3 bed unit, and dividing by the group size. This assumes one unit is occupied by the buyer and the remainder are rented out.
For further customizations or personalization, please book a free call with a Nestment team member.
×
×