LEASE TO PURCHASE

WHAT IS LEASE TO PURCHASE?

Lease to purchase (lease-to-own or rent-to-own) allows aspiring homeowners to lease a home with an option to purchase the property within a specified period of time at an agreed upon price.

 

 

WHY LEASE TO PURCHASE?

Lease to purchase is a great option if …

·      You need some time to get your finances in order

·      Your credit score isn’t quite where it needs to be, yet …

·      You have had trouble saving up for a down payment

 

 

BASIC INFORMATION & PREQUALIFICATIONS

 

·      Is your credit score above 500? (could also be a co-signers score)

 

·      Can you or a co-signer show 12+ months of on-time rental or mortgage payments?

 

·      Able to pay at least $1,450 monthly rent?

 

·      Minimum yearly income of at least $45,000 (before taxes)

 

·      Able to pay a deposit of at least 2 months rent

 

·      No felonies (violent crimes, sexual offences, or drug distribution)

 

·      No evictions, bankruptcy, or bankruptcy discharge within 12 months

 

·      Will you be able to move between one and three months?

 

·      Are you or your co-signer currently employed?

 

·      Want to reside in the Atlanta Metro Area

 

·      Have no dangerous breed of dog

 

 

HOW DO I APPLY?

Visit leasepurchasedepot.com and click on APPLICATION. Don’t forget to enter this important information on Step 2!

 

Are you currently working with agent?

X Yes   No

Nancy Tran-Walton    Virtual Properties Realty        (203) 482-0628

 

This ensures you stay connected with me so I can help walk you through the process! After you have submitted the application to us we will determine which lease purchase investor partner best fits your needs.

 

 

HOW DO I FIND A HOME ONCE I’M APPROVED?

You start working with me, your REALTOR® to search for homes that meet the purchasing criteria! So what are you waiting for? Start your application process now! leasepurchasedepot.com