Rent to own homes
We make getting into home ownership a breeze !
There's much to see here. So, take your time, look around, and learn all there is to know about us. We hope you enjoy our site and take a moment to drop us a line.
I have been a Realtor for over 9 years specializing in finding the right path for families to achieve home ownership.
Check your score at equifax.com get your true score on their Equifax Complete Premier Plan
Most important step this is the same site the business uses to do a soft pull to check your score. Be a step ahead by doubling checking.. just click on the "Check Score" button below
If Self Employed submit a P and L Statement for the last 2 months that can be verified by bank deposits.
This can be done with a ledger with the landlords information and signature
There cannot be any unpaid Apartment Collections on your credit report
Once you are approved for a lease amount we go home shopping. Any home that is currently listed for sale.. Where do you want to live? Once you choose a home we submit and offer. Home Price Minimum is $140,000 and Maximum Price is $450,000. No Foreclosures or Short Sales qualify. The homes must meet FHA standards
This is where the fun begins. The offer is submitted with your name on the contract. You put down 1% of Sales Price for earnest money and option money. This gets Credited to your down payment. Down Payment is roughly around 2 months rent plus your first month payment
After repairs are negotiated the home contract is reassigned to the business entity that will secure the FHA Assumable Mortgage on your behalf. The interest rate is around 4% for the life of the 30 year loan.
As you lease the home for 1 to 3 years you'll be "buying" down the pre-determined re-purchase price to 1% over the cost it was to acquire the home. When ready to Assume the Mortgage you are able to use ALL or part of the equity (you choose) established in the home for your downpayment and closing costs. Which will drop your monthly payments to a lower amount.
Do you meet all the requirements? If so applying is very easy and takes about 5 minutes. Once you apply you'll receive an email to upload the required documents to qualify you. (it's less then what is required by a traditional mortgage)
MAKE SURE YOU PLACE ADRIANE TERRELL IN THE REAL ESTATE AGENT SECTION
08:00 am – 06:00 pm
Monday - Friday: 9am - 5pm
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