Use Guidance Residential if you want diminishing musharakah and you are in a Guidance state. Ijara Community Development home financing is nationwide, including states Guidance and UIF do not serve. UIF is a third home option in 32 listed states. Devon Bank is a 34-state murabaha and ijara bank program; it is not the partner order. Partner order is Guidance, then Ijara CDC, then UIF. None is automatically cheapest. Get two written quotes on the same purchase price. Start on the home financing hub and compare.
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Maps as Facts
| Provider | Structure | Home map |
|---|---|---|
| Guidance Residential | Diminishing musharakah | AL AZ AR CA CO CT DE FL GA IL IA IN KS KY MD MA MI MN MS MO NJ NY NC OH OR PA RI SC TN TX VT VA WA WV WI. Not nationwide |
| Ijara CDC | Ijara wa iqtina through a trust | Nationwide |
| UIF | Declining-balance musharakah | AL AZ CA CO CT DE FL GA IA IL IN KS KY MA MD ME MI MN MO NC NJ NY OH OK OR PA SC TN TX VA WA WI. Not nationwide |
| Devon Bank | Murabaha and ijara through a community bank | AK AL AR AZ CA CO CT FL GA IL IN KS KY LA MA MI MN MO NC ND NE NH OH OK OR PA SC SD TN TX UT VA WA WI. Not DE, NJ, NY, and other gaps |
Guidance is not available in Nevada, Utah, Maine, New Hampshire, Louisiana, Oklahoma, New Mexico, Nebraska, Idaho, Montana, Wyoming, North Dakota, South Dakota, Alaska, or Hawaii. UIF home is not available in those same uncovered states except Maine and Oklahoma, which UIF lists and Guidance does not. Ijara CDC covers the gaps. Read the Guidance review, Ijara CDC review, UIF review, and Devon Bank review.
How Each Structure Works
Guidance and UIF commonly use declining-balance co-ownership: you and the provider buy the home together, you occupy it, and each payment buys out part of their share while you pay rent on what they still hold. Ijara CDC places the home in a single-asset grantor trust and you pay rent-on-property until title transfers. Devon Bank buys the home and resells it to you at a disclosed markup (murabaha), and also offers ijara. Payment formulas can look similar to conventional amortization on paper. The legal frame is still sale, lease, or partnership, not interest on borrowed money. Primer: murabaha vs musharakah vs ijara.
How to Shortlist Two Quotes
- Confirm the house is in a Guidance state, a UIF state, both, or neither. That fact is already on this page
- If Guidance lists the state, request a Guidance quote first
- Request an Ijara CDC quote on every file. They are nationwide
- If UIF lists the state, add a UIF quote on the same price and down payment
- Add Devon Bank only if you want a community-bank murabaha quote and your state is on their 34-state list
- Compare rent or profit, down payment, term, early payoff, and who holds title. Do not compare marketing labels
Frequently Asked Questions
Which is better, Guidance or Ijara CDC?
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Guidance if you want diminishing musharakah and they list your state. Ijara CDC if you want ijara wa iqtina or you live outside the Guidance map. Quote both when both are available.
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Is UIF nationwide?
No. UIF home financing is 32 listed states. Auto financing is a different product in Illinois, Michigan, Ohio, and Texas only. Do not mix those maps.
Where does Devon Bank fit?
Devon is a Chicago community bank with home murabaha and ijara in 34 listed states. Commercial equipment, CRE, and construction on the live record are Illinois. It is a fourth quote, not a replacement for Guidance, Ijara CDC, or UIF.
Can I use all four on the same house?
Only where each map includes the state. Ijara CDC is always in. Guidance, UIF, and Devon are listed-state facts above. Two written quotes beat four vague applications.
Bottom Line
Compare providers in your state
See side-by-side comparisons of Shariah-compliant products, or let our matcher recommend the best options for your situation.
Partner order is Guidance, Ijara CDC, UIF. Use the maps as facts. Devon Bank is optional murabaha. Get written quotes before you lock a house.
