Who is Lotly for?

You want to buy a home, but have a non-traditional income source.

Whether you are self-employed, freelancing, experiencing a major life change, or just moved to Canada, Lotly will help you get financing so you can finally buy your dream home.

You are renting & thinking, "I want to buy my own home."

Earlier entry to homeownership can help you build long term, generational wealth. Instead of paying rent, you could be paying off your own mortgage. With Lotly, you only need a 5% down payment!

You are ready to buy, but wish you could get a bigger place.

We know it's hard to find a place that meets your needs & budget. With Lotly's down payment assistance, you can shop for a larger place, all while keeping your mortgage debt low.

How Lotly can help you buy your home

STEP 01

Lotly gathers investors who will cover up to 15% of your down payment. You’ll put down as little as 5% and other purchase costs (approx 3%).

STEP 02

You own and live in your dream home. You are responsible for paying the mortgage and monthly bills.

Lotly investors being paid their shared equity

STEP 03

Refinance or sell the home to pay out investors. Investors are paid out a piece of the home’s appreciation. They only make money if the home has appreciated in value.

I would recommend Lotly to people like me in Canada who are looking to buy their first home. You know it’s tough getting in to the market.

My experience buying with Lotly was amazing. They understood my needs, why I wanted to become a homeowner, and how they can support me in the process. They even offered me to go house hunting when I couldn’t which I dont think most people would do. I would do it again. The only thing I would change would be have more money saved to buy a bigger house. A million dollar house!

Yash P, Lotly homebuyer

Why Lotly

He has been saving money for down payment, but needed more to get a place big enough for his growing family.

Location

He chose Burlington, and we worked together to find a place he likes that also has high appreciation potential.

His ask

2 bedroom, 2 bathroom condo with a budget of $500K~$700K. Enough space for his wife and a new born baby.

Timeline

Started shopping: Nov 2022
Offer accepted: Jan 2023
Closed: Jan 2023

Downpayment split between home buyer & investors

Lowest down payment available

Own a home for just 5% down. Your monthly cost will also be lower, because Lotly investors help you get a much larger total down payment. At the end of your term, you’ll get your share of the appreciation plus what you’ve paid down on the mortgage.

Lowest cost option for you

Put just 5% of the purchase price down. Lotly investors contribute up to $250,000 toward your down payment.

How investors are paid out

Investors are paid out when you sell or refinance. They will be paid their original contribution plus or minus a part of the home's appreciation (i.e. the change in price). Investor payout depends on how much they contributed upfront.

Home equity payout split calculator Arrow directing to Lotly home equity payout split calculator

How much of the home's appreciation do homeowners receive vs. investors?

Visit the appreciation split calculator Arrow directing to Lotly home equity payout split calculator

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You are entitled to

51% of the appreciation

+ initial contribution

+ principal paid down on the mortgage

Investor payout

49% of the appreciation

+ initial contribution

If the home loses value over time, investors will share in the downside. This means investors will lose a part of their initial contribution, up to the whole amount if prices fall drastically. With Lotly, homeowners & investors win together and lose together.