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?
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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