Rent to Own Model with the Ijara Financing

Member pays minimum of 20% of the total cost of the house and Crescent Coop pays rest of the 80% of the total cost of the house. Settlement and other charges are separate. Member will rent the house at the current market rate, and both member and Crescent Coop will pay for the maintenance fees. Member’s ownership portion of the rent paid is accounted as payment towards the principal amount

Markup Model or Diminishing payment with the Murabaha Financing

In this model, Coop buys the house, marks up the price of the house before financing a portion of the marked up price for the member. Member then pays the total financed amount over a pre-determined number of months.

Benefits for Home Ownership:

Less time to pay-off the loan and become an owner compared to conventional banks. Overall less money required to pay-off the loan compared to conventional banks

To become a member please fill out the home financing application form on line or mail the application with required fees to our address. For details please refer to Crescent Coop by-laws or contact Crescent Coop via “Contact Us” weblink.

Note: Home buying and Investments are restricted to qualified Crescent Coop members only.