Buying Benefits
1. Obvious takeaways
Low option consideration. Many past credit problems are not a problem. Less qualifying restrictions. Purchase price is agreed upon and locked in ahead of time. Tax benefits! You will receive benefits such as depreciation etc Many past credit problems are not a problem. You are able to check out the area and house thoroughly before purchasing the house You are able to check out the area and house thoroughly before purchasing the house luctus.
2. more advantages
The property continues to build equity while you are living in it. That equity is yours when you exercise your option! We offer a home warranty on all properties to cover most repairs such as A/C, water heater, etc. Option fee is fully credited to the cost of the house. Part of your rent payment every month is credited to the purchase price, which can also be used towards closing costs. We work directly with loan officers to assist you in obtaining permanent financing
3. Requirements to qualify for a lease purchase.
Debt to Income Bankruptcies? (If so, there are certain time restrictions that have to be overcome.) Foreclosure? (Again, certain time restrictions are set forth by the lenders.) Tax Lien? (Normally must be paid for finance.) Many past credit problems are not a problem.
4. Qualify Faster
Scores (Although other items are important, most lease option specialist are looking for applicants that are no more than 60 points away from FHA finance.) Judgement? (Must be resolved for most lenders.) We offer a home warranty on all properties to cover most repairs such as A/C, water heater, etc..