Financing company FirstREX will provide down payment funding in combination with the portfolio loans of HomeStreet Bank (HMST), the company announced.

The new program funds up to half of the borrowers down payment as an equity investment.

The company earns a return on its investment when a home is sold, up to 30 years in the future. If the house has increased in value, the company earns a profit, but if it decreases, it suffers a loss.

“Many home buyers can easily afford the monthly housing payments on the home they want to buy, but don’t have enough cash saved for the required down payment,” said James Riccitelli, co-CEO of FirstREX.

He explained, “Others have the cash but are uncomfortable making a large down payment. REX HomeBuyer solves both of these problems. Buyers can buy the home they really want today, with less debt and less risk, and retain some of their cash after closing for other purposes.”