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2.
Rent-to-Own, Lease Purchase
and Lease Option Programs:
Our most popular programs,
the rent-to-own, lease
purchase and lease option
programs are as simple as
1,2,3 and are the easiest
way to buy a home.
Basically, you enter into a
lease, generally for one
year, and receive an option
to buy at that time. In the
rent-to-own, lease purchase
and lease option programs
you have the choice to buy,
or not, anytime during the
lease option period.
Normally, you pay a
negotiable fee (usually
about 2%-3% of the purchase
price) in the beginning,
which pays for the option to
buy. Later, this fee is
applied directly to the
purchase, as part or all of
your down payment, when you
buy the house.
Usually, you lease for a
year and then decide whether
or not you will buy. When
you buy you can get your own
financing, if you wish, or
convert the purchase to our
Owner Financing Program,
where we provide the
financing for you. (You
won't have to go to the bank).
Or, if you want more time
before buying, or merely
wish to stay on the lease
option program without
purchasing, you may do
so. But, you may buy any
time you want to during the
lease option period.
In the rent-to-own, lease
purchase and lease option
programs we give you
generous rent credits,
where a large part of your
rent goes into a credit
fund, to be applied, later,
toward the purchase. This
allows you to continually
build up your down payment
while you are renting, so
that your monthly
payments will be lower
when you purchase.
The best feature of our
rent-to-own, lease purchase
and lease option programs is
that we can tailor the
program to fit your
financial needs. That means
the option fee, monthly
payment and rent credits can
be adjusted to fit your
budget.
3. OWNER FINANCING PROGRAM:
Under this
plan you buy the home
directly from the owner, who
provides all the financing
to you. You will not
have to go to a bank or
mortgage company. The
qualifications for this
program are much easier
than those of the banks.
You can get your new home
financed easily if you can
show sufficient income to
make the payments and
demonstrate an acceptable
history of making payments
for your prior residences (a
good rental history).
Generally, with owner
financing, the owners will
ask for from 3% to 10% of
the purchase price for a
down payment. Like any
other payment plan, your
monthly payments will depend
upon the amount of the down
payment, as well as the
price of the home and
financial market conditions
at the time of your
purchase.
Qualification can be
completed and the financing
placed in a few business
days, so that you can be
in your new home very
quickly.
4.
Direct Purchase:
This program is similar to
the conventional way of
buying a house. You get
your own financing from
whatever source you want,
and pay off the full price
of the home at closing.
We can help you find a
good mortgage if you
wish. Generally, this
process takes anywhere from
six weeks to three months,
depending upon the lender
and how prepared you are
with the required
documentation. Under this
program, it is best if you
have been pre-qualified with
a lender for an amount at
least as much as the
purchase price, as that will
speed up the process and you
can move into your new home
much sooner.
SPECIAL INCENTIVES
Ask about our special
incentives, such as
free rent, free
move-in allowances,
free utility allowances,
and free furniture
allowances, currently
offered for a limited time
only.
And, we are
offering
NO
DOWN PAYMENT FINANCING*
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