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, and as little as $5000 down, you can become a homeowner and it does NOT matter if you have debt and credit issues... Your income is your approva!

Well let's get started.

First of all... There are three main components of Rent To Own.

1. Having adequate income of at least 3x the monthly payment.

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

3. A minimum down payment of $5000.

 

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.

You will also pay a "Option Fee (Down Payment)" when you move in. This 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.

The minimum "Option Fee (Down Payment)" required is $5000 plus the first monthly rent payment. So if the monthly rent amount is $1500 and the "Down Payment" is $5000, you will need $6500 to close the deal and move into the house.

Note... Each property has a different market value and could have a different "Down Payment" amount. We often have other potential people who have interest in a home and the higher you get your down payment the better your chances. 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.

 

"For Sale By Owner" or "For Rent"

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

Here is what you do... Once you have registered your information, you can look at homes listed "For Sale By Owner" or "For Rent" in an area that you're interested in. If you look at some properties and find something you like, we can negotiate with the owner and put together a deal that will make sense for you. Just let us know which properties you like.

Best Wishes!

Contact Us
(410) 775-8130