Halal Home Financing in Richmond, Virginia

Guidance Residential

Home Financing (Purchase & Refinance)

A

Halal home financing for purchases and refinancing through the Declining Balance Co-Ownership program (diminishing Musharakah) - the most widely used Islamic home financing in the US, with over $10 billion funded for 40,000+ families. Down payments start at 5% for primary homes (as low as 3% for qualifying customers, 20% for investment properties) on 15-, 20-, and 30-year terms. Guidance is also the largest halal refinancer in the US, with over $2 billion refinanced in the last 5 years, and its non-recourse contract shares risk with the homebuyer in events like natural disasters and eminent domain.

UIF

Renovation Financing

A

Combines your home purchase and renovation costs into one Shariah-compliant Musharakah contract - buy a fixer-upper and finance the improvements together, with up to 5 draws as work is completed. Finances up to 75% of the combined purchase plus renovation value on 15- or 30-year fixed terms, for 1-2 unit primary residences and 1-unit second homes in 9 states (AL, FL, GA, IL, IN, MI, NC, TX, VA). Requires a 660 credit score; your own licensed contractor's bids and plans are reviewed and approved before closing, and a feasibility study is required for major repairs or projects over $35K.

UIF

Home Financing

A

UIF's flagship Declining Balance Agreement (diminishing Musharakah) for buying a home or replacing an existing home loan across 32 states. Finance up to $2,000,000 on 15-, 20-, or 30-year terms with down payments as low as 3% - UIF positions itself as the halal alternative to FHA for low-down-payment buyers. Title sits in your name from day one with no LLC or trust, there are no monthly LLC fees, closings run in about 30 days, and you keep 100% of the appreciation when you sell. Qualification mirrors conventional financing, with a 620 credit floor.

Devon Bank

Home Financing

B

Murabaha (installment sale) and Ijara (lease) home financing from Devon Bank, a Chicago community bank running faith-based programs since 2003 across 34 states. In the Murabaha, the bank buys the home and resells it to you at a disclosed markup repaid in fixed installments - title is in your name at closing, there is no promissory note, and the balance never compounds. Rate-and-term and cash-out Islamic refinancing are available alongside purchases, and Devon also offers Islamic commercial financing. Pricing arrives only through an individual quote; the bank's stated policy is no premium for religious accommodation.

IjaraCDC

Home Financing

Sharia-compliant home financing using a trust-based lease-to-purchase (Ijara wa Iqtina) structure. The property is placed in a single-asset grantor trust with the buyer as trustee and beneficiary; you pay rent-on-property instead of interest, and title transfers to you for $1.00 at the end. Owner-occupied financing from ~3.5% down ($50K-$2M, lease terms of 10, 15, 20, or 30 years); investment properties from ~20-25% down; no/low credit programs available case-by-case. With 100+ residential funding partners across all 50 states, this is the widest-reaching halal home financing platform in the US.

IjaraCDC

Real Estate Investor Financing

Financing for residential-zoned rental properties and investor portfolios (1-4 units per property). ~20-25% down, up to 10 properties per investor, portfolio financing possible. Trust-based Ijara (lease-to-purchase) structure through 100+ residential funding partners: each property sits in its own single-asset trust, you pay rent-on-property rather than interest, and title transfers for $1.00 when the lease completes - so 100% of resale gains stay with the investor.

IjaraCDC

Asset Qualification Financing

Qualify entirely on liquid assets rather than income - income is never documented. Up to $3M with a 660 credit floor and up to 85% LTV, unusually generous for asset-based underwriting; 100% gift funds accepted. Structured through IjaraCDC's single-asset grantor trust: the buyer is trustee and beneficiary, pays rent-on-property instead of interest, and takes title for $1.00 at the end of the lease. Made for retirees, recent business sellers, and inheritance recipients.

IjaraCDC

Physician Home Financing

Medical professional program (MD, DO, DDS, DVM, DMD) with up to $2M financing, 0% down, no PMI, and a 680 credit floor. Dedicated bank program in IL, IN, KY, MI, OH, PA, WV, WI: new physicians get 100% financing up to $500K (up to $1M with 5% down); established physicians 100% LTV up to $650K, up to $1.15M with 5% down, up to $1.5M with 10% down; refinance to 100% LTV up to $650K.

IjaraCDC

Jumbo Home Financing

Jumbo financing for higher-priced homes above the $806,500 conforming limit, up to $4M, with Sharia-compliant Ijara structuring. 10% minimum down and a 680 credit floor; single-family, condo, and PUD; primary, second, or investment homes. The property sits in a single-asset grantor trust with you as trustee and beneficiary - rent-on-property replaces interest and title transfers for $1.00 at lease end, so 100% of appreciation on a high-value home stays yours.

IjaraCDC

P&L Statement Financing

Qualify on business net income via a P&L statement prepared by a CPA or authorized agent - no bank statements or tax returns. Up to $2.5M with a 660 credit floor. Structured like every IjaraCDC program through a single-asset grantor trust: the buyer is trustee and beneficiary, rent-on-property replaces interest, and title transfers for $1.00 when the lease completes. Suited to business owners whose professionally kept books show income that tax optimization hides.

IjaraCDC

Conventional Home Financing

Traditional home acquisition with Sharia-compliant Ijara structuring. As little as 3% down with a 620 credit floor; financing up to $2M (conforming limit $806,500, 5% down above 3% tier per their down-payment page). 1–4 unit homes, condos, townhouses, PUDs, and manufactured homes for primary, vacation, or investment use - up to 10 properties (unlimited via portfolio product).

IjaraCDC

FHA Home Financing

FHA program with Sharia-compliant Ijara structuring. 3.5% down with credit scores as low as 520 - the most accessible credit floor in halal home financing. Primary residence only (1-4 units, condo, townhouse, PUD, manufactured); 2 years employment history; maximum amount varies by county under FHA limits. The home sits in a single-asset grantor trust with you as trustee and beneficiary, you pay rent-on-property instead of interest, and title transfers for $1.00 at the end of the lease.

IjaraCDC

VA Home Financing

VA program with Sharia-compliant Ijara structuring for military members and veterans. 0% down with a 620 credit floor; primary residence only (1-4 units, condo, townhouse, PUD, manufactured). The property is held in a single-asset grantor trust with the buyer as trustee and beneficiary - you pay rent-on-property rather than interest, and title transfers for $1.00 when the lease completes, so the VA benefit and the riba-free structure work together instead of forcing a choice.

IjaraCDC

No-Ratio Financing

Bypass debt-to-income entirely - no DTI calculation is run at all. Up to $2M (max cash-out $500K) with a 700 credit floor; works across up to 4 properties; 100% gift funds accepted. The financing is structured through IjaraCDC's single-asset grantor trust: you are trustee and beneficiary, you pay rent-on-property instead of interest, and title transfers for $1.00 at the end of the lease. Built for buyers whose income is real but doesn't survive standard underwriting math.

IjaraCDC

Renovation Financing

Renovation financing offered through licensed lender partners in two flavors - FHA 203(k) and HomeStyle Renovation - structured for Sharia compliance through IjaraCDC's trust model: purchase and renovation costs combine in one financing, the home sits in a single-asset grantor trust with you as trustee and beneficiary, rent-on-property replaces interest, and title transfers for $1.00 at the end of the lease. Terms vary by lender partner, so specifics come from the individual quote.

IjaraCDC

Foreign National Financing

Financing for non-US residents investing in US real estate - passport only, no visa or US credit required. Up to $3M; 35% down with 12 months of reserves per the core investor program; employment verification or an accountant letter accepted for income; no housing history required. 1-4 unit investment properties, each held in a single-asset grantor trust with the investor as trustee and beneficiary - rent-on-property replaces interest and title transfers for $1.00 at lease end.

IjaraCDC

Investor Cash Flow (DSCR) Financing

Investor cash-flow program qualifying on the property's rental analysis - no personal income documentation needed. 20% down with a 660 credit floor; 1-8 unit investment properties, mixed-use possible. Each property is held in its own single-asset grantor trust with the investor as trustee and beneficiary: rent-on-property replaces interest, title transfers for $1.00 at lease end, and at 20% down the loss-sharing arrangement stays fully intact.

IjaraCDC

Bank Statement Home Financing

Self-employed program qualifying on bank-statement cash flow instead of tax returns. Up to $3M purchase with 10% down (740 score) and a 660 credit floor; multiple businesses can be combined with no NSF limit; 100% gift funds accepted. Primary, second, and investment homes; requires 2+ years self-employment. Structured through IjaraCDC's single-asset grantor trust: rent-on-property replaces interest and title transfers for $1.00 at the end of the lease.

IjaraCDC

Halal Fix & Flip Financing

Short-term rehab financing (halal private-lending style) funded in as little as 14 days with no prepayment penalties - the property is the collateral. Requires a rehab budget, track record, bank statements, purchase agreement, title insurance, and corporate documents; IjaraCDC recommends a 15% budget cushion. A halal answer to a market segment otherwise dominated by interest-based hard-money lending, priced as short-term risk capital through an individual quote.

IjaraCDC

Investment Property Financing

Standard investment-property program for 1-4 unit rentals. 15-25% down with a 620 credit floor - the lowest in IjaraCDC's investor lineup; no property-management history required; 6-12 months of reserves for investment purchases. Each property is held in its own single-asset grantor trust with the investor as trustee and beneficiary: rent-on-property replaces interest, and title transfers for $1.00 at the end of the lease, keeping all resale gains with you.

IjaraCDC

Mixed-Use Property Financing

Financing for mixed-use properties with 1 commercial unit plus up to 4 residential units - the classic corner-store-with-apartments building that pure residential and pure commercial programs both reject. No property-management history is required. The property is held through IjaraCDC's single-asset trust structure: lease-to-own with rent-on-property instead of interest, ending in a $1.00 title transfer, and a Promise to Purchase that obligates the trust to sell while you are never obligated to buy.

IjaraCDC

Multi-Family 5–8 Unit Financing

Residential multi-family financing for 5-8 unit properties - the dead zone between residential and commercial programs. Up to $2.5M with 20% down and a 660 credit floor; a 10% operating-expense ratio is assumed; no property-management history required. The building is held in a single-asset grantor trust with the investor as trustee and beneficiary: rent-on-property replaces interest and title transfers for $1.00 when the lease completes.

IjaraCDC

ITIN Home Financing

No-doc program for buyers with an ITIN instead of an SSN - no credit check, no W-2s or bank statements required. Up to $3M for single-family, 2-4 units, PUDs, and condos; 100% gift funds accepted. Like every IjaraCDC program, the home is held in a single-asset grantor trust with the buyer as trustee and beneficiary: rent-on-property replaces interest and title transfers for $1.00 when the lease completes. One of very few halal routes to US homeownership without an SSN.

IjaraCDC

1099 Income Financing

Qualify directly on 1099 income - no tax returns needed. Up to $2.5M with a 660 credit floor; a 10% operating-expense ratio is applied, and year-to-date income must track within 10% of the 1099. The financing runs through IjaraCDC's single-asset grantor trust: you are trustee and beneficiary, rent-on-property replaces interest, and title transfers for $1.00 at lease end. Purpose-built for contractors and gig workers with steady independent income.

IjaraCDC

DSCR 1.20+ Financing

DSCR tier where strong rental income is the main qualifying factor (ratio 1.20+). Up to $1.5M with a 720 credit floor; vacation and Airbnb rentals allowed; 100% gift funds accepted; open to first-time buyers and investors. Structured through IjaraCDC's single-asset grantor trust: the investor is trustee and beneficiary, rent-on-property replaces interest, and title transfers for $1.00 when the lease completes.

IjaraCDC

Stated-Income Investment Property Financing

Portfolio-investor program: qualify on liquid assets (ATR-in-full) or asset depletion, with no income documentation up to 75% LTV on non-owner/second homes. Cash-out possible 1 day off MLS; unlimited gift funds; seller carry possible; non-warrantable condos and foreign nationals OK; no prepayment penalty; can finance investors owning 20+ properties. Available in 24 states.

IjaraCDC

DSCR 1.00–1.19 Financing

DSCR tier for properties at or just above break-even rental coverage (ratio 1.00-1.19). Up to $2M with a 680 credit floor; vacation and Airbnb rentals allowed; 100% gift funds accepted; open to first-time buyers and investors. The property is held in a single-asset grantor trust with the buyer as trustee and beneficiary - rent-on-property replaces interest, and title transfers for $1.00 at the end of the lease.

IjaraCDC

Down Payment Assistance Programs

Multi-state down-payment assistance paired with Ijara financing: Chenoa Fund (3.5% or 5%, FICO 600, no income limits) and FHLB Dallas HELP grants, plus 13 state programs (AR, AZ, CO, CT, FL, GA, ID, IL, IN, MA, MI, TN, TX, WA) with grants and deferred/forgivable loans up to $150K (WA Covenant). DPA permitted where at least 3% of the initial payment on account is presented.

IjaraCDC

Riba-to-Ijara Conversion Program

Converts an existing interest-based mortgage into a Sharia-compliant Ijara (rent-on-property) structure - not a refinance. No credit check, appraisal, or income documents; completes in 10–14 business days, usually before your next payment. Economics unchanged plus a low monthly admin fee; the home is placed in a trust and the bank remains the investor.

IjaraCDC

Reverse Mortgage Alternative

Sharia-structured equivalent of a reverse mortgage - older homeowners convert home equity to cash with no repayment until they move out or sell. The return is generated by rights over real property rather than interest on a loan, under the same fatwa lineage (dating to 1995) that covers IjaraCDC's other programs. Very few terms are published; structure and costs emerge from the individual quote, so involve family and advisors before signing.

IjaraCDC

Lite Doc Financing

Streamlined documentation for self-employed buyers and irregular income - no W-2s or bank statements required. IjaraCDC publishes almost no hard terms for this program, so the individual quote defines the deal. The structure is the standard IjaraCDC trust: the home sits in a single-asset grantor trust with the buyer as trustee and beneficiary, rent-on-property replaces interest, and the payoff is fixed at the original price minus down payment, plus a $1.00 title transfer.

IjaraCDC

DSCR 0.80–0.99 Financing

DSCR tier for properties whose rental income covers most but not all of the payment (ratio 0.80-0.99). Up to $2M with a 700 credit floor; vacation and Airbnb rentals allowed; 100% gift funds accepted for down payment and closing; open to first-time buyers and investors. Like all IjaraCDC programs, the property sits in a single-asset grantor trust - rent-on-property replaces interest and title transfers for $1.00 when the lease completes.

IjaraCDC

USDA 100% Home Financing

USDA 100% financing in USDA-designated rural areas with Sharia-compliant Ijara structuring. 0% down with a 600 credit floor; primary residence only; income limits apply but there are no acreage limits. The home is held in a single-asset grantor trust with the buyer as trustee and beneficiary, rent-on-property replaces interest, and title transfers for $1.00 when the lease completes - a rare true zero-down halal path for rural buyers.