Minimum Cash Out of Pocket: When you purchase a home conventionally, anyone with less than perfect credit must pay at least 10% down to 20% down, plus closing costs and prepaids. When you buy with a Lease Option home with us, you will probably never put more than 7% down.
Profits from Appreciation: Since the sales price is locked in before closing (as specified in your agreement), any increase in property value will mean that your equity (what you owe minus what it's worth) is increasing in the home.
Credit Problems are Okay: Qualification restrictions simply do not exist. We simply look at your ability to buy the within the next 2 years.
Part of your Rent Money is Working Toward the Purchase of the Home: Every month a portion of your rent payment is credited towards your down payment or off of the sales price.
Option Fee is Credited Towards the Purchase of the Home: When you sign a Lease Option Agreement, you will pay us an option fee. You then have the choice to apply some of this money or all of this money towards the down payment on your home.
Frequently No Down Payment at Closing: Since you have given us an option fee and you have been receiving monthly rent credits, there will frequently be very little or nothing left to pay for a down payment at closing.
Quick Move In Time: You can typically take possession of the home in less than one week instead of conventional move in times of one to three months after your offer was accepted.