Rent to OwnHaving Difficulty Getting a Mortgage? We are an innovative real estate company founded with the mission to assist families who cannot qualify for a traditional mortgage. We offer a Lease-AND-Own program that allows families to take the first steps toward home ownership by allowing them to live in the home they want to buy BEFORE their credit has fully repaired. It gives families the opportunity to get back on track financially while giving them the pride of living in the home that will soon be theirs. Who is the typical "rent-to-own" client? Those that cannot qualify for a mortgage due to a recent Short Sale, Foreclosure, Bankruptcy, Divorce or other credit damaging life event. The program requires no sourcing or seasoning of down payment and can be a solution for self-employed clients as the program will utilize bank statements for verification of income. How it works? You apply for the program at no charge. If approved, you will work with one of our real estate agent to pick out a home. A team of investors will buy the home for you, you will move in and lease it. You then then have up to 6 years to repair your credit and buy the house at a guaranteed, pre-determined price. If the house appreciates more than the agreed upon price, you keep all of the equity.
Do I keep any appreciation in the home's value while I'm leasing? Yes! While you are leasing the home and have a purchase agreement in place, if the value of the home increases above that agreed upon purchase price, you keep all of the equity. You can even sell the home to another buyer while you are leasing the property and you keep any profit on the sale. How do I qualify? Answer the following questions:
- 1. Do you have at least 5% to put down on a home?
- 2. Are you working and able to afford monthly lease payments?
- 3. Will you be able to repair your credit within the next 6 years?