Relocating to New Area? Try Before You Buy Your Next Home

Lease with a Right to Purchase Program

home-and-key

Lease-Purchase option is available for anyone that is not able to obtain a mortgage and purchse a home. Do You need a great place to live, in a good neighborhood, but yor’re not quite ready to make the commitment to buy. That’s where the Lease with the Right to Purchase program comes in. Rent with an option to buy or purchase the home. Reason to do this?

Low credit scores, Minimum is 525
Combined Income minimum is $50,000,
Stable employment,
no recent eviction and
no pending bankruptcy
Self Employed – 1 yr tax return
Income varication
2 months of rent in savings account

Residents financial obligation is 1 year of rent. Approved residents can move out after each 1-year lease term without penalty. Prospect can elect to rent up to 5 years and they can elect to purchase the home any time during the tenancy(lease) of the 5 years.

Easy application to get approved. Once approved, I will help you find a Single Family residents/home

Investment firm will buy the home, and you will be able to lease home.

List price of home and restrictions of home:

Single Family or Townhome $100,000 to $500,000
Minimum of two bedrooms, lot of three acres or less
Maximum of 3 pets and up to 180 lbs combined weight
Property type Single Family Home or Townhome
Traditional Sale or FSBO
No major deficiencies(major structural issues

Once approved, Start property search:

The Right to Purchase
Submit the property for approval
Home Partners will analyze the value of the home
If approved, we will send the applicant an email outling the Estimated Total Acqusition Cost and what they will offer
Outline the rent and purchase price for each lease term
Rent 1 year lease with only increase by 3.75% each year
Purchase price increase 5% each year

Reasons to Lease-Purchase:

One time life event affecting credit and ability to obtain mortgage
Medical, Loss of Job, Divorce, Bankruptcy, Short Sale, Foreclosure
Can not get a mortgage
Moving to a new area and do not want to purchase fhe first year
Have a home to sell
Short Sale of Home
Discharged Bankruptcy

Call Peter Petridis to get all the detail information and get ready to Lease-Purchase your next home! My direct line is 407-756-3303.

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