GUIDANCE RESIDENTIAL, LLC
RESTON, VA

Guidance Residential, LLC is a unique home financing provider founded with the intention of offering services aligned with Muslim faith practices. The company stands distinct due to its compliant financial principles that avoid riba (usury), ensuring consumer-friendly and transparent home financing options. As co-owners with home buyers, Guidance Residential ensures that the buyer's share incrementally increases over time through monthly payments. Additionally, they embrace a shared risk model addressing concerns like natural disasters or foreclosure. Guidance Residential operates under the oversight of an independent Shariah Board led by Justice Muhammad Taqi Usmani. This alignment to Islamic financial ethics is further solidified through endorsement from the Assembly of Muslim Jurists of America (AMJA). Financially, Guidance Residential prioritizes consumer fairness by eliminating pre-payment penalties and capping late payment fees to a maximum of $50. In cases of default, they refrain from pursuing other assets of home buyers. Formally registered and incorporated in Florida on November 16, 2001, Guidance Residential is based at its mailing address located at 11107 Sunset Hills Road, Reston, VA. The company remains active as indicated by its last event being a reinstatement on September 28, 2010. Their operations expand with two contact numbers for customer interactions and an updated annual report filed in April 2024. Operational within the framework of Florida's business regulations under status FLORIDA.Models.Dos.FloridaCompanyStatus, Guidance Residential, LLC continues to serve as a reputable entity in ethical home financing while being affiliated to and directing operations from its primary company, GUIDANCE FINANCIAL GROUP, LLC. The executive team includes Thomas R. Gainor serving as Secretary and Kaled Elsayed leading as President.