Simply, it is a standard Lease agreement with the exclusive Option to buy the home at a later date. A portion of the on time payment is credited towards the purchase price of the home, or can be applied to some of your closing costs when the purchase is completed.
The Option to purchase the home outlines the sale price and the length of time before the buyer completes the purchase. A small down payment is 100% applied towards the purchase of your new home. The time before purchasing the home is your choice.
The Money
Each of our homes have slightly different cash amounts needed prior to move in, but they consist of the same three elements.
Down payment applied towards purchase price
One full month of Lease
Security deposit
See the Available Homes tab for current offerings.
The Qualifications
Verifiable income is the most important. Your success in buying your home begins by looking at your monthly budget. Rough Credit is O.K.! Yes, we do a credit and background check, but your credit score makes little difference. This program allows you time to clean up credit issues. When you go to get pre-qualified for a home loan, your payment history will show years of on-time payments.
The final qualification, is that you have to love the home!