|
Some of the programs we have available are:
Owner Finance Program (Also known as Land Contract)
Most times this type of purchase is less than renting, example $29,000 balance is $399.48 per month, plus taxes and insurance and you get to take advantage of the tax advantages of home ownership.
With a reasonable down payment (as low as $500, but typically $2500 or more), you may qualify for our Owner Finance Program, allowing you all the benefits of home ownership immediately, including any, government tax credits and allowances (interest deduction, home upgrades tax credit, etc.). This is also perfect for investors, as it gives you the opportunity to get into a home with little down and rent or repair/upgrade and flip.
The standard terms we offer are 10.99% simple interest over 10 years with NO pre payment penalty and NO adjusting and NO balloon. This allows you to get a new loan when your situation or credit improves or sell the home and pay the loan with us off. These terms may be adjusted based upon down payment and credit. You will recieve full disclosures, schedules and statements.
This program is perfect for those with credit issues or those who have a low down payment. Good, Bad or Ugly Credit is OK! Perhaps one of these situations applies to you: self-employed, short job history, past or present financial problems, cash income, divorce, bankruptcy, etc. Or if you are an investor just starting out. Don't worry, these problems don't scare us!
Rent-to-Own Program (Also known as Lease-to-Own)
With a reasonable payment (such as an Option-to-Buy Fee or Down Payment), you can qualify for our Rent-to-Own Program giving you time to improve your credit while you enjoy all the benefits of home ownership.
Once your credit has improved or you have accumulated enough down payment you can qualify for a traditional low rate bank loan.
This program is perfect for those with credit issues or those who haven't saved enough down payment. Good, Bad or Ugly Credit is OK! Perhaps one of these situations applies to you: self-employed, short job history, past or present financial problems. Don't worry, these problems don't scare us!
Purchase Program (Also known as Conventional Financing)
With a modest down payment (typically around 3%), and a decent credit score (typically over 620) and proof of income you may qualify for a traditional loan at the bank or credit union. This method usually has a lower interest rate. Ther are many programs to help first time homes buyers; such as FHA, Rural Home Development, Goverment Credits and many more. Many times we may be able to assist with your closing costs to allow you to bring less money to the closing table.
This program is perfect for those with reasonable credit and a steady source of income. This type of traditional loan usually takes 30-60 days to complete a closing, once apporved from your lender. We have lenders standing by that are eager to earn your business.
This program, by far gives you the best advantage to yourself. You may get a cosignor to help you also. |
