Startups are offering creative new financing options–from Airbnb income to crowdsourcing and equity stakes–to help homebuyers with limited savings. It was while researching FHA loans that Erik and Rafaela came across a creative new financing option. Loftium, a Seattle-based startup, will contribute to a buyer’s down payment in exchange for Airbnb income. By agreeing to welcome Airbnb guests for up to three years, a Loftium customer can augment their savings and get approved for a mortgage worth far more.
Source: Fast Company