Terminology

We really want to sell our homes, so we do all we can to assist our tenants or buyers in getting the financing they can afford to purchase the home. We keep copies of payments to help you establish credit. We introduce you to lenders that will also help you. Rental History plays a big roll in our selection of tenant/buyers. If you have a reasonable history that proves you pay on time, that is a plus. Whereas, an active Criminal History will reduce chances of being accepted into our programs. However, tort or civil court activity such as foreclosure, bankruptcy, and divorce have a lessor effect. We understand that the Credit History of most renters is usually not very high. If you have a great score you probably would be buying direct. We also look at the Down Payment you have available as well as the amount of rent you can comfortably pay

Retail purchase - Lender provides a loan, you put up a down payment of around 3 to 5 % of the purchase price
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No Money Down purchase - Some buyers can qualify for these government type loans, FHA has another new one, As do some cities, who give you the down payment

Work for down payment - You provide some of the work, we pay the down payment for you. Lender provides the loan

Rent-to Own - As you rent, and improve your credit, we contribute a small amount to help you build a down payment. Usually requires rent and deposit

Lease Option - You buy the house by posting a 3-5% down payment and at the end of the lease you complete the deal by financing with a lender.

Land Contract - You buy the house on terms, usually with a much larger down payment around 10%. At the end of the term you get the deed and refinance the property

Credit Repair assistance - A third party helps you restore your credit through counseling and assistance