HousePlant offers an easy, secure, and reliable way to crowdsource down payment loans from people you know.

Ready to buy a home? Create an Ask Page so friends and family can pitch in with customized loan offers.

Want to loan money to someone you know to help with their down payment? Encourage them to create an Ask Page on HousePlant!

Read more about How HousePlant Works.

Asks have a $50,000 total maximum per ask on HousePlant.

Offer maximum is $15,000 per offer on HousePlant. Loans or gifts over $15,000 could trigger potential complicated tax implications & reporting requirements. To keep it simple, all loans on HousePlant are under this threshold.

Interest Rates for loans on HousePlant are between 0.5% and 5%. This to stay within minimum and maximum requirements by state and federal rules.

We recommend Borrowers have least 10% of their loan saved independent of social loans to boost mortgage approval odds.

Currently, all parts of HousePlant are free. We'd love your feedback on the product and how to keep improving the platform.

The well-known adage “Don’t loan more money than you can afford to lose.” exists for a reason. Every single day, people loan each other millions of dollars on good faith, without any formal loan agreements or documentation... many of those people have felt the sting of making a loan without having it paid back.

Poorly documented terms and ambiguous payback timelines can strain important relationships.

We believe that HousePlant can help solve this pain point by facilitating better agreements that everyone feels great about.

With greater transparency and documentation, there is less room for misunderstandings. All HousePlant Agreements are documented in a Promissory Note (a templated basic Simple Loan agreement). These are saved as a PDF and are available to the Lender and Borrower to use as needed.

It is important to be very clear here- a HousePlant Agreement is between the Borrower and the Lender, and HousePlant itself is not a party to the agreement. It is solely up to the Borrower to follow through on their commitment to use the funds for the correct purpose and to pay back the loan on time. If they don’t, the Lender does have the option to take the matter to Small Claims Court to seek civil assistance in upholding this well-documented Agreement.

Our goal is to make it easier to have clear and transparent agreements that reduce this social problem and increase confident, empowering social lending.