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Lease Purchase For Home Buyers
Are you tired with throwing away your hard earned money every month on rent? Do you want to put your family into a beautiful place they can call home? What's stopping you? Credit? Past Issues? With a lease To Buy, you don’t have to face the strict lending requirements from lenders.
Here are some of the benefits of a Lease Purchase:
- Low option consideration.
- Many past credit problems are not a problem.
- Less qualifying restrictions.
- Purchase price is agreed upon and locked in ahead of time.
- You are able to check out the area and house thoroughly before purchasing the house
- The property continues to build equity while you are living in it. That equity is yours when you exercise your option!
- We offer a home warranty on all properties to cover most repairs such as A/C, water heater, etc.
- Option fee is fully credited to the cost of the house.
- Part of your rent payment every month is credited to the purchase price, which can also be used towards closing costs.
- We work directly with loan officers to assist you in obtaining permanent financing
What are the requirements for a Lease Purchase?
Great question!! When you apply for a lease purchase property, there are some main items that are being reviewed and that are being looked for:
Debt to Income
Bankruptcies? (If so, there are certain time restrictions that have to be overcome.)
Foreclosure? (Again, certain time restrictions are set forth by the lenders.)
Tax Lien? (Normally must be paid for finance.)
Scores (Although other items are important, we are looking for applicants that are no more than 60 points away from FHA finance.)
Judgement? (Must be resolved for most lenders.)
The total amount required for move in is the Option Fee stated , plus the first month’s payment. It's that easy! The first step to the dream of home ownership begins by filling out our Form .
Sounds great! But what are the next steps? Just Click Here and sign up