Cove Financial Group, Inc.

Cove Financial Group is a US-based startup founded in 2012 that aims to revolutionize home ownership through its innovative Mortgage Alternative Program (MAP). This program is designed to cater to aspiring homeowners who have a down payment but currently do not qualify for a mortgage. The process is simple – individuals get pre-qualified, select their desired home with a real estate agent, and Cove purchases the property. Subsequently, the individual enters into escrow to buy the home from Cove and can move in immediately, leasing the property from Cove during the escrow period, which can last up to 6 years. Once they secure mortgage financing, the individual can close escrow and become the rightful owner of the home. Cove prides itself on its mission to transform home ownership and make the dream of owning a home a reality for families, emphasizing stability and certainty in living arrangements. Their pledge to uphold core values such as respect, customer-focus, integrity, honesty, and transparency underscores their commitment to every customer interaction. The company received a $1.50M debt financing investment on 24 April 2014 from Jacobs Asset Management. For more information about the Mortgage Alternative Program, interested individuals can visit www.covefinancial.com to view a sample transaction and see how this innovative solution can work for them.