| Let's
say you are still saving for that down payment and haven't quite
got the whole 5% cash for a down payment, our Zero Down Payment
Program option is probably for you and will help you to get into
a home today. Sometimes we can offer you the home for No Down
Payment if you meet some qualifying terms of the program. Basically we will
rent the home to you on a long term lease. If at the end of the
lease you have made all your payments on time you will now
qualify for Owner Financing program and we will most likely
waive any down payment due to your excellent payment history.
We will structure this as a long term lease for at least
18-24 months so if you are not serious about buying a home or
living in a certain area then this program is not for you. At
the end of your lease, if you have had made your payment each
month on time we will offer you the opportunity to buy the house
and we will finance it for you. Keep in mind you are never
obligated in anyway to buy the home nor are we obligated to sell
it to you. However, if you have an excellent long term payment
history and would like to buy the house it seems to make sense
that we sell it to you. Of course, if you are able to
purchase it at that time or even before then with your own
financing then call us. We will most likely be able to work out
a deal and cancel your lease agreement with us. Then we'll sell
you the home and/or help you to purchase it.
How it works
The lease
agreement will structured to have the same monthly payments as
if we were doing owner financing for you. So let's say your
monthly payment is going to be $1,100. You would be looking at
making a first and last month lease payment for $1,100 + $1,100
for a total of $2,200. There may be a small security deposit of
$100-$500.
So again, here's
how you qualify for our Zero Down Owner Financing Program.
- You are able
to make a first and last month lease payment plus small
security deposit.
- You make all
your payments on time during the lease agreement & honor the
lease agreement.
- You qualify
for our Owner Financing Program with no down payment. Our
first offer to sell the home will be to you!
Call or email to
discuss further details about how we might be able to help you
today at (800) 709-5523 or (512) 786-4772.
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