How it Works

Lease Option and Lease Purchase Program

Advantages of Lease Options and Lease Purchases are:

Your rent becomes your down payment
Little to no closing costs

You don't have to wait to move into your new home
Control of the home and much more

What is a Lease Option?

This agreement allows you to move into one of our homes and have the option, without the obligation, to purchase the property at a later time once you are ready.
Half of your deposit will be refundable, and the other half will be non-refundable in exchange for your right to buy the home and earn a monthly credit (typically 5-10%) towards your purchase. If you do choose to buy the property, all of your deposit will also go towards the purchase.
These agreements typically renew annually allowing you to take as long as you want before buying or moving.

What Are Lease Purchases And Rent-To-Own Agreements?

These are similar to Lease Options except that you agree to buy the property at some time in the future.
Down payments are not refundable, but they are applied towards your purchase. Putting more money down may lower your monthly payment.
You can choose from one of our existing homes, or if you have a down payment of 20% or more, we may be able to buy a home for you and Lease Purchase it to you.
Your monthly payment will be only the cost of the home less your down payment x 0.01. Example: $200k home, plus $7k closing costs, less $40k (20%) down payment = $167k x 0.01 = $1670/ month. This even includes taxes and insurance

Here's how it works

We will meet with you and discuss your specific circumstances, wants and needs.
We will then evaluate your preferences and circumstances and create your target home features and price range.
You will help select some homes that you like.
We will begin the process of making offers, negotiating terms, and we will buy the home.
You will move into the home under a Lease Purchase agreement.
Your closing will take place at a later time when you are ready.
We will help you improve your credit score by the time you close on your loan.
You will benefit from our years of experience in buying properties, finding and creating bargains, and negotiating the purchase.
Click here to request more information about our Lease Purchase Program.

Benefits of lease options and lease-purchases

Time: You'll have plenty of time to repair your credit, secure better financing and interest rates and investigate the home and surrounding neighborhood - all before you actually buy the home.
Your rent becomes your down payment: With Lease Options, each month you pay on time, a portion (typically 5-10%) will accumulate and apply towards your down payment, closing costs or reduction from the sales price (your choice) when you close. Monthly credit is not refundable if you do not purchase the property.
Minimum 'out-of-pocket' cash: When you purchase a home using conventional financing you must also pay closing costs, taxes, insurance, etc. and a down payment. With a Lease Purchase or Lease Option you pay only the first month's rent and a smaller deposit or down payment.
Little to no closing costs: Since you will have already paid a down payment and a portion of your monthly rent will be credited toward the purchase, your down payment at closing will typically be smaller and in some cases nothing.
Bad credit is not a problem: Qualifying for a Lease Option or Lease Purchase is easier than conventional home financing.
Legal control of the home: With a Lease Purchase you have legal control of the property without having to actually own the property.
Privacy is assured: Since you are not listed as the property owner (until you actually complete the purchase with your own financing) there will be no public record of this agreement. This can be helpful during divorces and other legal matters.

Click here to request more information about our Lease Purchase Program.

How it Works

What is a Lease Option?

What Are Lease Purchases And Rent-To-Own Agreements?

Here's how it works

Benefits of lease options and lease-purchases

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