Buy a home here without an interest loan: two companies that list Virginia do it with co-ownership.
House keys on a closing folder· The day the home is yours, Old Town Alexandria
Concept images. Facts checked on each provider’s site November 7, 2026.
Your numbers
Starts at $807,500, the Northern Virginia median for houses and townhouses sold in October 2026.7
Starts at today’s national average for a regular 30-year loan.8 Type the rate your provider quotes you.
Your monthly payment$0/month, before property tax, insurance and HOA dues9
Who owns the homeDay 1
This month’s payment, split
The math of the monthly payment is the same as a regular loan at the same rate. What changes is the contract: you buy shares of a real home instead of paying interest on borrowed money.1,3
Updated November 7, 2026Facts checked on each provider’s siteA 1-minute calculator, plus a 4-minute read
Quick answer
Yes, you can buy a home in Northern Virginia without an interest loan. Guidance Residential, based in Reston, and UIF both list Virginia and use co-ownership: you and the company buy the home together, and each month you buy more of its share2,3. Guidance asks for as little as 5% down on a home you live in, plus closing costs1. Whether a contract is halal for you is a question for your own scholar: this page explains how each one works.
From each company’s own website
General information from the companies’ public websites, not financial or religious advice. Each company’s written terms are what count.
Three ways
Islamic home financing uses one of three contracts.4 In all three you buy a real home from a provider instead of borrowing money and paying interest on it.
Diminishing musharaka
Used by Guidance Residential and UIF, the two companies whose own sites list Virginia.1,2,3
Ijara
Listed for Virginia by IjaraCDC on HalalWallet, a comparison site.5
Murabaha
Listed for Virginia by Devon Bank on HalalWallet, a comparison site.5
In Virginia
Guidance Residential has its head office in Reston, in Fairfax County. UIF finances homes in Virginia from Michigan. Both use co-ownership.1,2,3 Names are given as information, not as a recommendation: compare more than one.
| What | Guidance Residential | UIF |
|---|---|---|
| Head office | Reston, Virginia2 | Southfield, Michigan3 |
| Contract | Co-ownership (diminishing musharaka)1 | Partnership (musharaka)3 |
| Years | 15, 20 or 301 | 10, 15, 20 or 303 |
| Lowest down payment | 5% for a home you live in, 15% for an investment property, plus closing costs1 | Ask UIF for your case |
| Paying off early | No fee1 | Ask UIF |
| Late payment | Flat fee of $50 or less1 | Ask UIF |
| Scholars’ board | Yes, seven scholars1 | Yes, “backed by scholars”3 |
Read on each company’s own website November 7, 2026. Terms change: ask each one for its current terms in writing.
Pros and cons
Both sides, from the companies’ own terms and a government source. Terms change, so ask for them in writing.
Step by step
Five steps, in the order they happen.
Read how each contract works above, then ask your imam or scholar which one you are comfortable with. This page does not give a religious ruling.
Ask two providers, and a regular lender if you like, for written estimates on the same day. Compare the monthly payment, the rate and the closing costs line by line.
In Northern Virginia, sellers expect a lender’s letter with every offer. Get one from the provider you picked, so your offer is as strong as anyone’s.
Ask your provider how many days it needs to close, and put that date and its name in your offer, so the contract matches how you are paying.
Virginia’s closing costs, like the recordation and transfer taxes, still apply. Ask your provider for its own fees, and see the taxes in the closing cost calculator.
Questions
This page does not give a religious ruling. Each provider has its own board of scholars who approve its contract, and scholars differ. Read how each contract works, then ask your own imam or scholar.
Pros: no interest loan, a contract approved by the provider’s scholars, and at Guidance Residential no fee to pay off early, a late fee of $50 or less, and no claim on your other assets after a foreclosure sale. Cons: fewer providers to compare, prices set to be comparable with a regular mortgage rather than cheaper, and a 5% lowest down payment where an FHA loan starts at 3.5%.
Not always. Guidance Residential says its pricing is competitive with a conventional mortgage. The only way to know for your home is written quotes from two providers on the same day: compare the monthly payment, the rate and the closing costs.
Guidance Residential, based in Reston, and UIF, based in Southfield, Michigan, both list Virginia on their own websites (checked November 7, 2026). HalalWallet, a comparison site, lists 7 providers for Virginia, including Devon Bank and IjaraCDC. Check with each one that it serves your address.
Guidance Residential starts at 5% for a home you will live in and 15% for an investment property, plus closing costs. On a $807,500 home, 5% is $40,375. Ask UIF and other providers for their own minimum.
Yes. Guidance Residential says buyers of any faith are welcome.
With Guidance Residential, the home can still be sold through foreclosure, but if the sale does not cover its share, it does not go after your other assets, like a bank account or a car. Ask any provider for its own terms in writing.
Yes. Guidance Residential and UIF both offer to replace an existing home loan. Ask each for a written quote and compare it with what you pay today.
Your next step
Ahmed can walk you through the homes, the offer and the closing dates, in English or Arabic, at no cost.
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Keep exploring
Ahmed Makkiyah
REALTOR®, Douglas Realty of Virginia
English and Arabic
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Thinking of selling, buying, or just curious what your home would sell for? Pick a time and I'll call you myself with a straight answer from the sales I check by hand. You decide what happens next.
