Well, here's your chance to make your dreams come true.
• With our easy qualifying Rent-To-Own program, you can move into your new home today and we will work with you to help you qualify for permanent financing later. You can even earn monthly credits towards the purchase of the home. This means that you can finally stop wasting your money on rent!
• Here's something that not many other compan
ies will actually do, we will work with you during the lease option period to restore & rebuild your credit.
• We will even report your rent to the major credit bureaus.
• With our generous rent credits of 15% - 30%, you will have credits to go towards your closings costs so you won't have to come to closing with as much money. You can start building up equity in your home.
• We are confident that no one will work harder than us to get you into a home.
• We also make sure the seller of the home you will be Lease Purchasing, is the actual owner on record, and we will help you make sure their mortgage is current and being paid on time.
• It is important to understand that we will only set up our clients for success. We will never put you in a house that we know you cannot buy in 1-2 years. That's why all of our homes require 3% option consideration. And your gross monthly income must be at least 3-4 times the rent. So when talking to us about a specific home, please make sure you meet the minimum option consideration requirements.
• Unless stated otherwise in our ads, our homes are not available for "Rent". We are looking for people who want to BUY a home in 1-2 years. All our homes are available for Rent To Own. Frequently Asked Questions
How Does Your Rent To Own Program Work?
• We can lease you a home with the exclusive right to purchase it at a later date. Our buyers love it because it gives them time to clean up past credit problems, time to sell another home, and also time to try out the neighborhood before buying. How is this different?
• This is a way to help you get started toward BUYING your own home. Part of your rent payment goes towards the purchase. Instead of throwing your money away each month on rent and having nothing to show for it at the end of the year, with our Rent-To-Own program, each month approximately 15%-30% of your monthly payment is credited toward the purchase of the home. How Much Option Consideration Do I Need?
• We are very flexible with our option consideration, but you will usually need to have at least 3% to move in. The reason why we require 3% is because if you truly want to buy this home in 1-2 years and not be a career renter, FHA and most banks currently requires 3-5% down for permanent financing. Is the price of the home determined and fixed in advance?
• Yes. The price of the home is decided at the time you sign the Lease Agreement and is not affected by the local market conditions. What Methods Of Option Consideration Are Accepted?
• Unlike most lending institutions, we accept borrowed funds for closing. If you have a close friend or relative willing to lend you money for your option consideration you can use that in our programs. You may also be eligible to withdraw or borrow from your 401K to purchase a home without penalties. Is the Option Consideration non-refundable?
• Yes! If you break the lease or don’t pay your rent, you forfeit all of your option consideration money. Do You Offer a Option Consideration Payment Assistance Programs?
• Sometimes. Some of our homes that are available for Owner Financing, if you haven't owned a home in the last 3 years and you don't owe any money in taxes, our mortgage broker may help you qualify for a first time home buyer's tax credit. How can I buy a home when I have bad credit?
• You can't through conventional lenders, but you can with our help. Through our Lease Purchase, we can help you improve your credit over time. We are not only interested in your past credit status. Your ability to make reasonable monthly payments and your desire to be a homeowner are important to us. I Love The Home, What Is The Next Step?
• If you have seen the pictures, you must then drive by the home. If you want to see the inside, please call our office and we will schedule a time to get you in. Then, all we need is your application which you can receive via email after contacting us at [email protected] . Once we verify income and employment, we will contact you. Please keep in mind that our homes sell quickly so time is of the essence. Do I have to 'qualify' for this program and what are your Qualifications?
• Your credit and finances are not the restriction that they would be with a conventional mortgage company. Although it actually makes sense to buy a home right away if you could get conventional financing today, many of our buyers do have some issues that need some time to be resolved. Here are our current qualifications:
1. Gross monthly income must be at least 3-4 times the rent
2. Must have 1st month rent and Option Consideration fee, unless otherwise specified in the ad
3. Need to be at least 1 year removed from a foreclosure
4. No evictions in the last 3-4 years
5. Must have positive, verifiable references from previous landlords & current employers
6. No prior criminal convictions of a violent or drug-related felony
7. Cannot owe money for child support
8. No large liens and judgments
