IFunder Homeward raises $371M

Homeward, which operates in Texas, Colorado and Georgia, helps streamlines moves for homeowners looking to buy a new home with iFunding, a twist on iBuying in which companies streamline transactions with alternative financing models. The startup purchases the next home homeowners want and then leases it to the homeowners until they sell the home they are moving from. At the same time, Homeward offers the homeowner a guaranteed base price for their previous home, which they list on the open market. The company charges a fee for this service and gives a credit to the client if they use the company’s mortgage. Realogy’s RealSure program, which operates in a similar fashion to Homeward, recently expanded to five additional markets, and Offerpad, another iFunder, has announced plans to go public.