Banks Are Lending Money To Buy Homes…Problem Is Most Do No Qualify….We Solve This Problem!
Banks are lending money to qualified borrowers for the purchase of homes. What has changed is the definition of qualified. All loans now are fully documented loans which means borrowers must prove income for the last two years minimum and have a credit score generally in excess of 650. Many people cannot meet these requirements due to changing jobs having their own business which does not support the proof of income test and because their credit score dropped when they missed or were late on some payments.
However, many of these same people are making money and will be able to qualify at some point in the future. Maybe it it is 2 years from now or even longer. Possibly you are one of these people. If you are in this situation and you want to own your own home, you can position yourself for your home now with a rent to own program or lease option program.
Our rent to own program will work for you because we will only have you in a home that you can afford, is one you can count on be structurally sound, appealing and is one you will be able to buy at the end of the lease period. If for some reason you are not able to buy the property, we will extend the lease or help you find another residence.
How does the Rent to Own or Lease Option Program Work?
The first steps include meeting with one of our loan specialists to determine what you will need and about how lone you will need to qualify for your own mortgage. This process will help us set the time of the rental or lease period for you to qualify for you loan and have the down payment the bank will require.
Once we know the monthly payment you are currently able to qualify for, we will find the home that matches what you want with what you can afford.
You are not a renter. You are a future homeowner. Your monthly payments will be set to cover: the mortgage on the property from a private source of funds plus:
- Interest and taxes
- Credit in the account held for you….this is where your down payment accumulates.
- Monthly property management fee
You will be responsible for normal maintenance and upkeep.
All details of the deal are documented in the legal paperwork that is completed in connection with your lease option program home. (This program is also referred to as rent to own, and long term agreement for purchase and sale.)
We have several “move in ” properties to choose from right now in many a number of great cities including Tampa, Sarasota, Chicago, Phoenix and More.
Contact Us Now and let us help you get into a home of your dreams this week!!
Steve Pohlit
Tampa Capital Partners
Ph: 727-587-7871
Email
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Ph: 727-587-7871
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