Following is an overview of the program:
- The rent to own program is a two-year program
- Renters/Buyers will need to be able to qualify for a mortgage in two years
- Rent will be 1.1% of the purchase price of the home
- 3% of the purchase price is required as a deposit and it will be applied toward the sale
- The final price of the home is pre-determined: 7% appreciation per year added to agreed purchase price
- Renters/Buyers are responsible for all repairs up to $400 per occurence
- Minimum purchase price of the home is $70,000
- Process takes approximately 60 - 90 days to complete
- A credit report
- Background checks
- Verification of income
- Rental application
This excellent program is a way for you to make your dreams of home ownership become a reality! Please contact me, I will be happy to review all the program details with you and get you started in the right direction.
