Financial literacy resource provider FirstHome IQ has announced a partnership with Crib Equity, a co-investment platform that aims to improve affordability by increasing the down payment and lowering debt.

Crib Equity’s model matches borrowers’ down payments as an investment rather than a loan, eliminating additional debt burdens for first-time homebuyers. Per Crib Equity’s website, the company can contribute up to 50% of a borrower’s total down payment and approved closing costs, which typically covering up to 30% of the home’s total value.

The company claims that buyers who take advantage of the model can achieve homeownership details ⇒

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