Rent To Own
5 % down
No Bank Qualifying
No Credit Qualifying
No Employment Verifications
Bad Credit is Ok!
1 year employment is Ok!
Tenant/Buyer Benefits
If you are a tenant/buyer, you are probably aware of the advantages of owning a home (tax shelter, appreciation, security, etc.). If you seek to lease purchase a home, you typically cannot purchase a home through conventional means, are not ready to commit yet, are very smart or all of the above.
The lease purchase contract provides you with many features and benefits, but perhaps the most powerful one is the rate at which you accumulate equity. Compare any lender’s loan amortization schedule to that of a lease purchase contract and you’ll quickly see that there is no comparison. Moreover, the buying power of a lease purchase contract can quickly and easily land you a home that you never thought you could afford. Here are some of its features and benefits:
1. Faster Equity Growth: Equity can accumulate up to 99% faster than through conventional financing
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2. Possiblly Rent Money is Working Towards the Purchase of the Home: Each month that you pay rent, a portion of that payment will be credited towards your down payment or off of the sales price.
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3. Option Consideration is Credited Towards the Purchase of the Home: When you execute (sign) a lease purchase contract, you must pay the landlord/seller an option deposit. This money is your vested interest in the home and will be fully credited (100%) to either your down payment or off the sales price.
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4. Minimum Cash Out of Pocket: When you purchase a home conventionally, you must pay closing costs, prepaids and a down payment. With a lease purchase contract, you pay only first month’s rent and an option deposit. This will save you between 25% and 85%.
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5. Frequently No Down Payment at Closing: Since you have given the landlord/seller an option deposit plus you may have been receiving monthly rent credits, there will frequently be very little or nothing left to come up with for a down payment at the time of purchase.
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6. Closing Costs are Delayed: Your closing costs will be delayed (not avoided) until you and your landlord/seller actually close on the home.
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7. Sales Price is Locked In: The sales price will be stated in the lease purchase agreement.
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8. Profits from Appreciation: Since the sales price is locked in before closing, any increase in property value will mean that your equity is increasing in the home.
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9. Possible Assignment (Sale) of Contract for Profit: If you are allowed to assign your interest in the home, you may assign it to someone for a price.
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10. Buying Power: Your buying power is drastically increased. You can get into a lease purchase home for as little as first month’s rent and a 8 to 10% option deposit. Compare that to a lender who requires 5% - 20% down plus closing costs,prepaids and qualifying requirements.
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11. Credit Problems are Okay: Qualification restrictions are not as strict as conventional financing. You will be approved at the sole discretion of the landlord/seller.
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12. Control of the Home: You will be put in legal control of the home for a specified period without having to actually own it.
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13. 100% Possible Tax benefits, Less Liability: Since you do not own the home yet, you will may not have to pay property taxes and your liability exposure will be drastically reduced.
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14. Maximum Leverage: You are spending very little money to control a very expensive and potentially very profitable investment.
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15. Time: Before you actually buy the home, you will have time to repair your credit, find the best financing available, investigate the home and research the neighborhood.
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16. Quick Move In Time: Move in time is typically less than one week compared to conventional move in times of one to three months.
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17. No Lengthy Escrows or Mortgage Approvals: The decision to lease purchase to you will be made at the sole discretion of a landlord/seller rather than by a lender who can take up to a month (or longer) to render a decision.
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18. Privacy: Since you are leasing, there will be no public record of where you live (unless you record your option).
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19. Peace of Mind: As long as you live up to your end of the bargain, you will have full control of the home and can maintain it or improve it however you wish.
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You will be set up for success. A plan of action will be offered so you can obtain financing at the end of the term of your lease purchase agreement.
If you make the decision to buy your home through our program, contact us so we can send you the Locator Agreement form. This form is to assist you in commiting to acomplishing your goal. Please fill out this form completely so we can both be successful.
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Local: 714-240-0635