CLICK BELOW and LISTEN NOW to hear how The LeaseOwn Homes Tenant Buyer Program works, how to qualify and the how to get into a home of your own right away regardless of your past.
Home Ownership Now Within Your Reach
Have you been declined for a home loan due to credit issues, but have a stable job and rental history? Move into your dream home on The LeaseOwn Homes Tenant Buyers Program.
Home Value Promise
Worried about property values? Our promise to you is to make sure your home will appraise for the purchase price at the end of the option period, or the terms will be locked in until it reaches the purchase price. LeaseOwn Homes will guide you step by step, so you can enjoy the journey while you move into your dream home.
LeaseOwn Homes the company you can trust
The #1 mistake made by families in your situation is to buy a home from a private party or a fly-by-night real estate investor.
More Reasons to Choose LeaseOwn Homes
I completed the application and once I was approved I was in my LeaseOwn home in less than a week. That’s Incredible!
|LeaseOwn Homes was founded to help you get into a home of your own, we understand bad things happen to good people and we believe everyone deserves a second chance.
We try not to make it too hard to for you qualify for a LeaseOwn Home and you get the opportunity to live in your own home for up to three years which gives you plenty of time to prepare to qualify for a new home loan.
LeaseOwn Homes has been in business since 2010 and we are the local Real Estate Business of the Year for 2015.
Stop throwing your money away on rent let LeaseOwn Homes walk you down the path to home ownership.
1. Can you prove your income?
2.Can you prove you pay your rent on time?
3. Do you make enough to afford the payment?
4.Do you have a good reason for any credit problems?
5. Do you have money for a down payment?
If you answered yes to these five questions there is a great chance you qualify for a LeaseOwn Home.
If you are declined your application fees are refunded immediately.
Q: How much does it cost to get into a LeaseOwn Home?
A: First month’s payment, A security deposit normally equal to the first month’s payment and the purchase option assignment fee.
Q: Is my monthly payment protected?
A: Yes. Your monthly payment goes to a loan servicing company, if there is a current mortgage on the home it is paid directly by the loan servicing company and you have will a payment history your new lender will be able to verify to possibly make it easier for you to get your new home loan. For additional details click here: Evergreen Loan Servicing
Q: Why do I have to pay a deposit?
A: Just in case you decide not to complete the purchase and there is damage to the home, if there is no damage to the home the deposit is refunded to you at the completion of the lease term or at the time you complete the purchase of your home.
Q: What is a Purchase Option Assignment Fee?
A: It gives you the rights to purchase the LeaseOwn home at the end of the lease period, you can have the purchase option recorded which means you are the only party that controls the home. You have the opportunity to earn equity and no one else can buy the home or secure a mortgage on the home during the lease term without your permission and you are the sole party who can buy or the sell the LeaseOwn Home at the end of the lease term.
Q: How much is the initial Purchase Option Assignment Fee down?
A: Initially as little as $5,000.00 and approximately 3% of the purchase price based on the property and the approval, sometimes if approved we can spread all or a portion of the initial fee over the term of the lease.
Q: Is there a payment plan for the purchase option assignment fee?
A: If you qualify it would be as little as 20% down and payments as low as $32.27 per month for each $1,000.00 borrowed.
Q: is the money I paid for the Purchase Option Assignment Fee applied to the home?
A: Yes it is credited back from the purchase price at the time of purchase and if the value does not go up enough to receive the credit back the purchase price will be reduced the same amount as the credit. (Many lenders allow the credit back to be used towards down payment and closing costs)
Q: Why is it a must to do a lease with the option to buy instead of seller financing?
A: A lease gives you the maximum protection from dishonest real estate owners and investors, you have much more protection from a lease than you do from a seller financing contract created by the owner or investor. Most homes have a mortgage and if there is a seller financing contract and there is a mortgage on the home it may cause the lender to call the loan due and you may be evicted and the home foreclosed upon.
Q: What is the purchase price for a LeaseOwn Home?
A: LeaseOwn Homes are owned by investors who bought these homes specifically to make a profit, normally 7%* is added per year for investor profit, 5% goes to the owner investor and 2% goes to LeaseOwn Homes as the second part of the purchase option assignment fee.
LeaseOwn Homes only receives the 2% balance of the fee if the value of the home has increased enough to receive the balance of our purchase option assignment fee and we will waive part or all of our 2% fee at the time of purchase if the value has not reached the full amount of the purchase price.
Q: What happens to the amount of profit or equity if the home increases in value above 7% per year?
A: Example: if the Phoenix, Arizona real estate market is going up at a pace of 11%+ per year which means anything above the 7% goes directly to you.
Q: How do I find out if I will be approved?
To receive your FREE Annual Credit Report go to: www.annualcreditreport.com (for additional information go to: https://www.usa.gov/credit-reports)
* Contact Leaseown Homes for complete details
If you have any additional questions please call (480) 382-8858