Lease-To-Own Your Next Home!
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If you are looking for Lease-To-Own homes, you have come to the right place. Please read the entire page before filling out any of the forms.
The Lease-To-Own Program is driven by the Option Fee applied towards the house. The Option Fee (100% of it) is applied towards the home at closing. The purchase price, monthly payment and lease term are all depedent upon the Option Fee. Meaning, the higher the Option Fee the more flexible the pricing and terms. This is why you usually do not see any pricing on the lease-to-own houses in "Available Properties"). A $20,000 Option Fee will get you a much lower price than a $5,000 Option Fee. The typical Option Fee should be around 10% of the purchase price. It is possible to do a Lease-To-Own with less than 10%, but those are only under special circumstances.
Once you go into the Lease-To-Own, you are tying up the house and it cannot be sold to anybody else during your lease agreement. This is why an Option Fee is required, because the house cannot be sold to anybody but you during your lease agreement and as long as you are not in default. The Option Fee is non-refundable. So make sure you select the home that you want to eventually purchase prior to doing a Lease-To-Own.
In order to assist your efforts, please do the following:
Step 1: Build Your Profile
Click here to submit your profile information. This information will build a profile that can be matched with potential Lease-To-Own homes available in your area. This is important because we may have more homes available than what you see on our website.
Step 2: Search for Potential Homes
Search for potential homes by clicking on the "Available Properties" botton on the left side of the home page. If the selected home does not have a complete address, please make a list of these properties that you are interested in and email us their address. We will then provide you with further information regarding these homes.
Also, if you have a large Option Fee, you may choose any home that is for sale in the area that you want (i.e. any home for sale by a realtor and/or homeowner). We may be able to secure the home for you as a Lease-To-Own property. Fill out this form to submit the information regarding the home that you would like for us to secure for you as a Lease-To-Own. Click here for form. Be sure to state what Option Fee you are offering. Quite often we are able to get you into a home even if it is not listed in our available properties list.
Step 3: See if you like the exterior of the home and the neighborhood.
Drive-by the home to see if you like the exterior of the home and the surrounding neighborhood. Please do not go onto the property or to the door because people may still live in the home. If you like the home, go to step number 4 below.
Step 4: Submit your Lease-To-Own Application
To see the inside of the home, you must provide your information that shows that you are serious about potentially leasing the home with an option to purchase. Credit is not the main factor here (bad credit can be fine). Click here to fill out an application for the Lease-To-Own program. Be sure to put the property codes you are applying for within the document. Your information will go to the mortgage broker who will evaluate your options.
"Application" - click here
It is that easy!
Forms
Lease-To-Own Application - read the information above before filling out this application. Click here for the form.
Lease-To-Own Profile form - Click here
Lease-To-Own: For Sale By Owner or Realtor form - Click here
