The better way
The better way
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We Help People And
It's no secret that banks aren't lending like they used to. If you're self-employed, have stated income, or less than perfect credit, then you know its nearly impossible to get a traditional home loan. That doesn't mean your dream of homeownership shouldn't become reality. If you want to buy a new home, but can't get a traditional mortgage, we can help! We don't require bank qualification!
Flexible terms, down payment and credit assistance options available.
Well-priced homes, below market value, available in your area. There's never been a better time to buy!
Size, price, location, and condition, we can help you find your next dream home.
Take the hassle of home searching, save time and save money.
Close quickly, move-in at your convenience.
We Help People And
Darcel Ballentine
Darcel Ballentine
There are several names for the same thing. Rent-to-Own, Lease-Purchase, and Lease-Option are some names used to describe a Lease with Option to Buy. Technically, 2 different agreements. The Option gives you the exclusive right to purchase the house for a certain price within a certain timeline, provided you meet the terms of the agreement. The lease gives you the right to live in the house while you get your finances in order to purchase the property with cash or a mortgage.
If you make a good living, but something is holding you back from getting approved from a mortgage, like a divorce, eviction, collection, low credit score from slow pays, or you have hard to prove income like most self employed people, a rent to own home may be the perfect choice. You are able to lock up a great house, while working on becoming lender approved.
In a Rent-to-Own, the money paid upfront is actually Option Consideration. It is the price you pay for the exclusive option to buy the house. If you elect to not purchase the home as described in the Option Agreement, then you do not get a refund on the Option Consideration. However, when you do decide to purchase the house, your Option Consideration is applied to the purchase!
There is no Normal. However, our goal is to get around 10% down. Remember, we are working with Tenant Buyers that do not qualify for normal lending. Your Option Consideration ("down payment") is the primary factor determining if you should be put into one of our homes. Some Tenant Buyers are able to get into properties with as little as 5%, but it depends on the competition and how long the home has been on the market.