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The LeaseOwn Homes Lease-to-Own Advantage
Lease to own houses

Sellers:

 We don’t charge seller fees or closing costs. Calculate Your Lease-to-Own Savings Instantly.

Landlords:

 Find a dream tenant quickly at no cost. Calculate Your Lease-to-Own Savings Instantly.

Buyers:

 Home Ownership is finally within your reach. View our Lease-to-Own Inventory now and learn more.

 

Lease to own houses“I loved working with LeaseOwn Homes because there is more to me than my low credit score, but nobody else could see past that.” A Better SolutionLease-to-own is all we do. These transactions are different from conventional sales or Leases, so why not work with a specialist?
We are experts at:

  • Locating well-qualified families who are within 1-5 years of purchasing a home
  • Structuring pricing & terms on a win-win agreement
  • Marketing our properties to the target audience
  • Providing credit improvement strategies to buyers
  • We screen both sellers and buyers including title check, credit/eviction reports and income verification
  • We use a licensed/bonded lease processing service

 

Lease-to-Own Partners You Can Trust
Why not choose the Lease-to-Own Homes company with the highest Better Business Bureau customer satisfaction rating? Don’t take a chance with your investment. The LeaseOwn Homes, Inc. Lease-to-Own program has placed hundreds of people in their dream home while they prepared for the purchase.


What is a Lease Option?

A Lease Option is a great way for a potential home buyer to purchase a home but needs a little extra time to obtain funds or qualify for a conventional mortgage.

A Lease Option combines a standard lease contract with an Option to buy at a later date, allowing a prospective buyer to purchase a home at market value today, versus in the future. All Lease Option details are negotiated up front and the buyer will be pre-qualified through an accepted mortgage professional to ensure their ability to purchase at the end of the contract period.

A typical lease contract will include: purchase price, amount of rent determined by a rental analysis, a rent premium, an up front lease purchase fee (which is applied towards buyers down payment at the time of closing), and a timeline to purchase agreement. The buyer will then pay a monthly agreed upon rent amount and a portion of that is a rent credit, which is credited towards the down payment or purchase price. The lease option period is determined by both buyer and seller but is commonly within a 2-5 year period. If buyer chooses not to exercise the lease option at the end of it’s term, the buyer will forfeit all rent premiums paid during the contract period as well as the lease option fee that was paid up front.

Example:

Let’s say we have an agreed purchase price of $200,000 with a 2 year option to buy, here’s how it looks.

$200,000 Purchase Price
$7500 Non-refundable Option Fee
$300/month rent credit (forced savings)

The Buyer has now applied $7500 and $7200 ($300 x 24 months) towards the purchase of the home. Buyer has $14,700 to take off the purchase price or use as a down-payment and closing costs that the seller will be crediting to the Buyer when they exercise the option to purchase!

Call or Email us to learn more about this alternative solution and how we may be able to help you buy or sell your home.