USA
Interest/riba-free home loans
Residential mortgage loans are generally for properties between 1-4 units, and are legally intended for personal, family, or household use. But what about mortgages for those who cannot pay riba? Are there other ways to finance a home while still abiding by one’s faith?
An increasingly popular option for financing a home
A lease-to-own agreement held in trust, where each monthly payment acquires a real share of the property rather than servicing a debt. Your balance declines until the title is yours outright.
Apply nowRent to own: the most common form, where you occupy the home while your payments acquire the co-owned share
Held in trust: the property sits in a trust, so the agreement transfers ownership rather than money at a rate
What we advise against: NINA, NINJA and SISA loans — regulations have virtually eliminated these unreliable programs
Programs across the United States
One to four units, owner-occupied or investment, with rural housing and military benefit programs that can start at 0% down.
- One to four units; five or more are treated as commercial
- Owner-occupied — up to 30 years, from 3.5% down
- Rural housing and military benefit programs from 0% down
- Investment — up to 30 years, 20–25% down, reserves may apply
- Around $50,000 to $2 million, including properties under construction
Bring these together before you apply and the review moves quickly.
- W-2 forms and Federal Income Tax Returns from all employment sources of the borrowers for the last two years
- Paycheck stubs for the last two months
- Bank or investment statements for the last two months
- Copy of ID and work authorization in the US (passport, social security card, driver’s license, visa, etc.)
- Copy of purchase agreement (if available)
Everything a W-2 employee provides, plus documentation of your business.
- Same items as above
- Personal and Business Federal Income Tax Returns for the last two years
- Bank statements of your business for the last two months
- CPA Letter
Traditional home acquisition with Sharia-compliant structuring. From 3% down with a 620 credit score, on 1-4 unit properties.
A lower entry point: from 3.5% down with a credit score as low as 520, for your primary residence.
0% down for doctors, from a 680 score, up to $2M.
For those who have served: 0% down with a 620 score, on your primary residence.
For higher-priced homes. From 10% down with a 680 score, on a primary, second or investment property.
For self-employed applicants who show business cash flow instead of W-2s. Up to $3M.
Qualify on the rental analysis, not personal income. From 20% down on 1-8 unit investment properties.
Buying in a USDA-designated area? 0% down, from a 600 score, with no acreage limits.
For non-US residents investing in US real estate. 35% down with 12 months of reserves.
15-25% down on 1-4 unit properties, from a 620 score, with no property management history required.
No W-2s, bank statements or credit checks for foreign nationals. Up to $3M, with 100% gift funds accepted.
A streamlined route for the self-employed and anyone with irregular income. No W-2s or bank statements.
Turn home equity into cash without selling. Ideal for older homeowners, with no repayment until you move or sell.
One commercial space and up to four residential, managed in a single location.
5-8 unit properties from 20% down with a 660 score, and no property management history required.
Residential financing questions
Our team answers by phone or email during business hours, and confirms which residential programs fit your situation.
What counts as a residential property?
One to four units, intended for personal, family or household use — a house, condo, townhouse or small multi-unit you live in.
How is this different from a mortgage?
ijara CDC co-owns the property with you and sells you its share over time. There is no riba, because there is no debt instrument.
Can I qualify without tax returns?
Yes. The No Tax Doc route qualifies you on bank statements or cash flow instead of tax returns.
Can I convert an existing mortgage?
Yes. A residential conversion replaces a riba-bearing mortgage with the riba-free structure on the same property.
Is down payment assistance available?
In many states, yes, and it can be applied inside the co-ownership. Ask us what is available where you are buying.
How long does pre-qualification take?
About ten minutes, and it does not affect your credit.
Which countries are covered?
All 50 U.S. states and every Canadian province, through licensed providers.