Key facts
- Balance Homes' co-ownership program has expanded to 12 states.
- The company aims to help homeowners with significant equity but limited cash access.
- Homeowners sell a portion of their property to Balance Homes while remaining in their homes.
- Balance Homes plans to expand into at least 25 states by the end of 2026 or early 2027.
Balance Homes announced on Thursday that it has expanded its home co-ownership program to 12 states, doubling its geographic footprint following a relaunch earlier this year backed by a $30 million investment led by Falco Group. The program is now available in Alabama, Florida, Georgia, Indiana, Kentucky, Minnesota, Missouri, North Carolina, Ohio, South Carolina, Tennessee and Texas. CEO Aamer Abdullah said the company plans to expand into at least 25 states by the end of 2026 or early 2027, confirming that Balance Homes is already working to launch in two additional states. The expansion comes as many homeowners hold significant equity but lack sufficient cash to cover unexpected expenses. ATTOM's second-quarter 2026 U.S. Home Equity and Underwater Report found that 41.1% of mortgaged homes were equity-rich. The company's model allows it to purchase a share of a homeowner’s property and pay off the existing mortgage, reducing the homeowner’s monthly financial obligations while providing a path to regain full ownership.