Need More Reasons? - Property Builds Equity - When you make your payments on time you will receive a" rent credit." This amount will be taken off the price of the property when you buy.
- Sense of community, stability, and security - All of our homes are in nice stable communities. Our homes are where you want to live, with families just like yours.
- Free to change decor and landscaping - This is your home, we want you to decorate it to your own taste and take pride in your home. You will need to okay any structural changes like a fence or a deck, but most of the time these are no problem.
You do NOT need a large chunk of money for a down payment. If you've been held back by the idea that you have to save up $10,000 - $20,000 or more to put down to buy a good home, let us show you how to avoid that altogether. You'll need a little money, but you'll be surprised how little can get you into your OWN home! No Bank Qualifying; We have financing in place. You'll Love the Results of our Program. We make it EASY to Own one of our fine Homes. Secure your Permanent Financing in 12 to 36 months, while you build up your financial profile. Typically it only takes 12 to 24 months even with a bankruptcy. We offer immediate occupancy of fine homes in fine neighborhoods. We make it easy to save for your next home. - With 3-5% down as an Option-to-Buy Fee you can qualify for our "Homeowner in Training" Program giving you time to improve your credit and build up your necessary down payment.
- You earn a fixed monthly credit toward your future down payment.
- Once your credit has improved or you have accumulated enough down payment you can qualify for a traditional low rate bank loan or you may choose to convert to our easy qualifying "American Dream" Homeownership Program.
- This program is perfect for those with credit issues or those who haven't saved enough down payment or just want to "test-out" the neighborhood, the schools or the house.
Lease to Own is a Proven way to build equity. You're saving up a big down payment while you lease your next home. We can work with you on a lease term set to your needs. It is based off of 1st your desired length of term and 2nd off of your credit and how long it would take you to get your credit record cleaned up enough to qualify for your own financing. Typically most credit issues can be cleaned up in a 2 year period of time. We will work with you to determine what lease term would be most appropriate for your particular situation. We offer a convenient way for many first time home buyers to avoid the 'rent = no equity' trap. Payments generally start at $795 and go up from there. Why rent when you can own? We have the solution for you. Move into one of these terrific homes with a low down payment, build-up your equity and enhance your financial profile by making monthly lease payments. Purchase the home at the end of your lease. You don't have to qualify for a loan, or spend thousands on closing costs and wait for bank approvals. Homes like these don't last long. Our 'Lease to Own' Program opens up home buying opportunities to many prospective home owners who find it increasingly difficult to establish the 'right credentials' for obtaining a conventional mortgage. If that's you or someone you know, call 615-301-1802. We recognized the demand for suitable housing for the many who are self employed, have bruised credit, are new to the work force or simply are uncertain how long they will be in a given location. By offering fine homes in fine neighborhoods, "Lease to Own" provides the opportunity to build equity in your home as opposed to paying rent and making no gains towards home ownership. Our homes are located in the newest, nicest subdivisions in the Tennessee area. Great schools, great neighbors….. We seek tenant-buyers who want to experience the benefits of home ownership and are willing to invest in a fine home. Build a deck, add a fence, paint the interior, landscape the yard. All these activities can add value to the home and boost equity. If that's you, call 615-301-1802. To lease one of these fine homes, we require a down payment and prompt, monthly lease payments. No bank qualification is necessary, but we do require that you have sufficient gross income to eventually qualify for permanent financing. We're looking for homeowners, not renters. As a lessee in one of our homes, you'll make monthly payments just like a mortgage. You're responsible for all maintenance and association dues. At any time during your lease period, you can elect to purchase the home based on a previously established fixed price. You're not 'shooting at a moving target'… we freeze the price of the home for the term of the lease. Interested? Call 615-301-1802. Lenders look very favorably on applicants that have equity in their home, have a track record of making timely house payments and have lived in their residence for over 12 months. Our Lease to Own program helps you meet those criteria, exactly. Most all the homes are in 'move-in' condition. No Rehabs or Fixer Uppers. If any minor repairs are needed (i.e.. carpet cleaned or walls painted) we will give you credit off your down payment or off the purchase price of the home for you to do the work instead of one of our expensive contractors; which would just cause us to have to charge you more to move in. However, in many cases the original home warranty is still in effect. These are very new homes in great condition. For most people the best choice is to buy their new home, but today there are many reasons people can't get a new home; bankruptcy, divorce, or job loss to name a few. If this is you, or you have been turned down for a new home we have a program for you. It is called "Lease to Own". Frequently Asked Questions About Buying Your Home With a Lease Option Q: How Does A Lease Option Work?
A: It’s simple. You move into a home that you will lease until the end of your term. In the mean time we will guide you to assist in getting you ready to qualify for a mortgage to purchase it. The Option Deposit and rent credits will apply towards the cost of the home which can be applied towards closing costs or down payment.
Q: How Do I Qualify For A Lease Option Home?
A: One of the main qualifications is a desire to own your own home. We can help you with that goal with our lease option program. A standard lease application is filled out and reviewed along with your credit report. You may also want to discuss this commitment with a mortgage advisor to get a clear plan on what it will take to position yourself for a mortgage at the end of the lease term. This may entail correcting credit issues, pay off bills, save for down payment, etc... Q: What Do I Have To Pay To Move Into A Lease Option Home?
A: The Option Deposit and first month's rent are requited prior to move-in. These payment must be in certified funds. Monthly lease payments thereafter are typically due the 25th of the month by check or money order. Keep in mind that on most homes we can offer terms on the down payment to get you in for less up front and pay the remaining balance in a short period of time. Q: How Long Do I Have Before I Have To Close On The Home?
A: Each home we offer has a different set of parameters. Our usual lease option term is 12 to 24 months, but we can offer extended terms for most homes, if necessary Q: What Type of Homes Do You Have Available As A Lease Option?
A: We usually have several homes to choose from that are posted on our web site. They are always homes in good neighborhoods with assorted amenities. If there is not one that meets your needs, we can document the type, location and price of home you are looking for and contact you if one similar becomes available. Q: Who Have You Lease Option Homes To In The Past?
A: Our lease option buyers have “something” standing in their way to prevent them from purchasing a home today. Those issues vary…they may be saving for a down payment, credit issues, need time to increase their credit score to get a lower interest rate, time on the job, or may just need to sell a home in another area. | 
