The first step in the process is to fill out your Contact Information
Expectations:
Expectations are clearly defined during the interview process.
What you can expect from us:
- To be treated with dignity
- Understanding - we've all been there
- Assistance to get you your own house
- Assistance to get out of debt
What we expect from you:
- Sincerity and honesty
- Your commitment to your credit restoration
- Pay every payment on time
- Enjoy your new lease on life
Buying Process:
How the buying process works:
Our consultant will explain in detail all aspects of our Rent to own Solution including responsibilities, fees, and timelines. We will determine the purchasing parameters with you based on your situation, the market, and your goals. Once you agree to the process, we introduce you to a Realtor and a Credit Consultant experienced with our program. Once you find a home that meets the parameters we create together, we purchase it for you. Our credit counselor will outline your "credit remediation" action plan for you. You sign a note, move into your new home, and strive to improve your credit!
Qualifications:
If you wish to own a home, but cannot qualify for conventional financing, we can help you. To qualify for our program, you must:
- Be employed, or have a combined documented income of more than $4000/month.
- Have a good rental history.
- Have a checking account and a car.
- Be determined to fix your credit.
- Have enough cash saved to move.
Details of our programs:
1. Lease: Any property may be acquired with a lease. Generally, leases are for a 12, 24, 36 month period, and require payment of the first month's rent and a deposit before move-in.
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 end of 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 an 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 on a house per house biases.
Win-Win Philosophy:
We are committed to finding you a home through a process that's a Win/Win proposition for our clients, our investors and sellers.
Our Win/Win policy ensures:
That our clients get a fair deal on a new home while they are on their way to credit healthiness.
That our investors have a real interest in your future success while receiving a fair return on their investment.
We utilize only the best licensed agents, lenders, inspectors and appraisers to insure the integrity of the real estate process for all our clients and investors.