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Description
Property Id: 1663329
Are you tired of renting and want to own a home, but don't quite qualify for a traditional mortgage? We have the solution!
This 3bed/1bath home has been recently remodeled and we are offering it rent-to-own with a portion of your rent going towards the down payment on a future purchase. Minimum income requirement of $6,000/mo. Credit doesn't matter!
Here's how it works...
-The tenant pays an upfront option fee ($7,350) to secure the right to buy the property at a set price within a specific timeframe during the lease period.
-The tenant pays a higher monthly rent than standard ($2,000/mo), a portion of which ($400/mo) goes toward the down payment.
-The lease term is usually two to three years.
-The purchase price is agreed upon at lease signing ($245,000 for a 2yr lease option OR $255,000 for a 3yr option).
-The tenant is responsible for routine maintenance and repairs.
-At the end of the lease, the tenant can choose to buy the property at the agreed-upon price or extend.
Property Id: 1663329
Are you tired of renting and want to own a home, but don't quite qualify for a traditional mortgage? We have the solution!
This 3bed/1bath home has been recently remodeled and we are offering it rent-to-own with a portion of your rent going towards the down payment on a future purchase. Minimum income requirement of $6,000/mo. Credit doesn't matter!
Here's how it works...
-The tenant pays an upfront option fee ($7,350) to secure the right to buy the property at a set price within a specific timeframe during the lease period.
-The tenant pays a higher monthly rent than standard ($2,000/mo), a portion of which ($400/mo) goes toward the down payment.
-The lease term is usually two to three years.
-The purchase price is agreed upon at lease signing ($245,000 for a 2yr lease option OR $255,000 for a 3yr option).
-The tenant is responsible for routine maintenance and repairs.
-At the end of the lease, the tenant can choose to buy the property at the agreed-upon price or extend.
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