Do you want to own a home within the next two years.....?

Do you have credit problems? Are you self-employed or a new business owner? Just looking to prepare for future ownership?

Then we can help!  With our Lease-Option program, or other owner-financed solutions, we can make your dream of owning a home come true.

With these programs there are:

Benefits of a lease-option program include:

• Develop a positive credit rating through lease payments for your future purchase, which is exercised with your option consideration and contract agreement.
  
• A chance to live in the property before buying it. 
  
• A chance to lock-in a purchase price lower than the price if you wait to buy at the end of the time period with no option agreement. 
  
• You gain instant equity when you exercise the option to purchase.  This happens when your option consideration money is credited towards the purchase price you locked-in with the option consideration.
  
• Obtaining financing can often be easier because many lenders view the lease-option agreement as basically an already-purchased home, and you have a record of consistent payments as well as the option-consideration towards equity.  If you refinance at the appraised value after exercising your purchase option, you could even walk away with CASH at closing depending on the value at that time!
  
• A tenant/buyer wins by getting to own a home in a shorter amount of time than it would typically take if bought conventionally. 

How the Lease-Option Works

Basically the lease-option is a way to help a tenant become a homeowner.  There are several steps in the process once the future homeowner chooses a property. 

1. You are motivated to become a homeowner but you aren't prepared or qualified to buy a home right now, so you decide to lease-to-own. 
   
2. You find a property you want and that fits within your financial means and you complete a rental application.  This includes proof of employment, income, and past rental or ownership history as well as references for at least your last two previous residences.   
   
3. We verify your credit history and two references of past residence, employment, and income.  (If these are poor or incomplete, it does not automatically disqualify you.)  
   
4. We enter into a lease agreement for typically a period of 12-14 months, however length of term may be negotiated.  At this time an option-to-purchase agreement is also completed which secures your option to purchase the property at the end of your lease term.  You may exercise the option to purchase the property prior to the end of the lease term without penalty.   
   
5. A non-refundable option consideration as well as the rent for the first month is collected at the time of signing the agreements.  The option consideration is a small percentage of the sales price, typically less than a 10% down payment, which is given by the buyer in good faith for the intent to purchase.  This secures the buyer the option to purchase at the previously negotiated price.  This option consideration is credited towards the purchase price at the time you exercise the option-to-buy, giving you instant equity in your new property. 
   
6. In the event that you do not exercise the option at the end of the lease term, the option consideration is not refunded.  The lease may be extended, renegotiated or the property may be listed for sale.