You can’t through conventional lenders, but you can with our help. We can setup a Rent-to-Own agreement to help improve your credit over time. We also work with mortgage brokers who may be able to arrange a loan for you.
We are not extremely interested in your past credit status. Your
ability to make reasonable monthly payments and your desire to be a
homeowner now is what is really important to us.
How does your Rent-to-Own Program Work?
A Rent-To-Own (RTO) transaction is where you
would rent a home just like any other lease agreement, but the biggest
difference is that you have the option to buy the home at any time
during the lease period for a fixed price.
RTO is a short-term strategy designed to get you into a home right now that you plan on buying in the future.
The lease agreement is set for a fixed period of 12-36 months. The
purchase price is fixed, and will not change for the duration of the
lease. Any future appreciation will be yours to keep.
A portion of your rent payment will be credited toward the purchase
of the home which would allow you to build equity while you rent. This
is called Rent Credit, and your rent payment must be received ON TIME
every month to take advantage of this.
An option payment (aka down payment) is required to move into a RTO
home. The amount is flexible depending on each individual situation, and
this payment is 100% applied towards the purchase price of the home
when you buy.
The end goal is for you to get a regular mortgage to buy the home,
and during the lease period you have time to work on any credit or
financial issues that are keeping you from getting a loan right away.
How much down payment do I need?
We
are very flexible with your down payment. We can offer you many options
and we always do our best to work with whatever funds you have
available. However, to give you the best chance of getting into your selected home, you should have a down payment equal to at least 3 months of rent.
What other methods of down payment are accepted?
Unlike
most lending institutions, we accept borrowed funds for closing. If you
have a close friend or relative willing to lend you money for your down
payment, you can use that with our programs. You may also be eligible
to withdraw or borrow from your 401K to purchase a home without
penalties. ***We also accept major credit cards.
The home I wanted has been sold… can you find me another one?
Yes we can. Our homes go fast, so the best thing you can do is join our online VIP Buyers List.Tell us what you are looking for, how soon you are looking to move and we will do our best to find you your next home. As soon as a home becomes available, we will call or email you about the home. Click here to join our VIP Buyers List now!
I don't have the required down payment...can you still help me? If you don't have the minimum down payment for one of our Rent-To-Own homes, here's an alternative option.
We offer a Coaching Program that will show you how to get into a
Rent-To-Own home with very little, or in most cases, ZERO down!
With our coaching program, you would get:
Consultation by phone,
fax & email $500 value
Rent-To-Own Contract $2700 value
Supporting Documents $300 value
We
will also show you how to accumulate "rent credit" (typically $3k to
$25k) to help you with closing costs or down payment requirements when getting
a loan.
OUR PROGRAM IS LIMITED TO A FEW INDIVIDUALS PER MONTH SO LET US KNOW IF YOU
WANT TO SIGN UP FOR OUR COACHING PROGRAM RIGHT AWAY!
For just $497,
you'll receive our proprietary Rent-To-Own contract, and personal
instructions on filling in the blanks. You'll also learn how to own
your Rent-To-Own home the right way.
**Our
contracts alone are worth every penny you spend on our
program!
Don’t
delay...Contact us right away to get started.
