Stop Renting / Become A Homeowner!

"Here Are The Details"

Hello Future Homeowner,

Are you tired of renting and would like to buy a home but can't qualify for a conventional mortgage? By using Rent To Own you can become a homeowner and it does NOT matter if you have debt and credit issues... Your income is your approval. Only 18% of the buyers out there can walk into a bank and get a conventional loan today. We work on helping the other 82% of the market get into a home of their own and on the path to home ownership.

Well let's get started.

There are three main components of Rent To Own.

1. Must have verifiable and adequate income.

2. You will be expected to treat the home as if you own it, which include being responsible to take care of day to day repairs and maintenance.

3. A Down payment is required. It reduces the risk to the lender, and also reduces the cost to the buyer. A large enough down payment usually eliminates private mortgage insurance when you get the loan and will decrease your mortgage payment and the amount you'll pay in interest. No or very low down payment means you can't afford as much house. Any home we have require at least $5000 down. But the higher that you get your down payment the better your chances are of being accepted. Remember, you are competing against other buyers, so you just have to put your best foot forward and do the best that you can. In most cases we can work with what you have to get you into a home.

 

How Rent To Own Is Structured.

Here is how you do it.... You have a rent agreement for a specific period of time, usually 1-2 years depending on your situation, and during that time you have the option to become the homeowner for the price of the home when you first moved in.

Must have the required down payment plus first month payment to close the deal for move in. The down payment will apply to the purchase price of the home and will usually eliminate or reduce a down payment when you eventually take out a mortgage with a bank.

Note... Each property has a different market value and could have a different down payment amount. It is our goal to help you eventually qualify for a mortgage and put you on the deed.

Remember, you do NOT have to qualify for a mortgage now. For some people it may only be a few months... for others it may be a year or two years or five.The lending approval process can take place within a relatively short period of time as long as you have all the pieces in place to get a loan when the time finally comes.

 

"We Don't Have A Property In Your Area"

If you would like to buy a house that we do not have we can still help.

Almost on a weekly basis we hear, “I really love your program but how come you don’t have any properties in my area?” A great way that you can influence where we get properties is if you see or hear about a property that is ‘For Sale By Owner’ or ‘For Rent’ (yard signs, word of mouth, internet) or a home that was previously listed with a realtor that didn’t sell, you can tell us about it (with the number & Address). We’ll then get our call team on it and see if we can secure it for you.

Best Wishes!

Contact Us
(410) 775-8130