Guidance Residential

Guidance Residential is a home financing company that offers Islamic home financing, using a co-ownership model rather than an interest-based mortgage. Buyers and the company each own a share of the home, and the buyer increases their share through a monthly payment. The company also offers riba-free refinancing and a realty program that connects agents with homebuyers and sellers.

The company describes its financing as riba-free, with a capped late fee of $50 or less and no prepayment penalty. Free financing consultations can be scheduled online or by phone, and Account Executives handle applications. Guidance Residential is based in Reston, Virginia, and is licensed through the NMLS, with customer service hours listed on its site.