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RENT
TO OWN PROGRAM
OVERVIEW
We realize that many families may not currently qualify under
a mortgage lender's underwriting criteria to qualify for a new
mortgage loan. Whether due to unusual medical bills, an unavoidable
bankruptcy, or other one-time credit blemish, your family may
be facing a situation of long term renting without options.
Of course, renting puts your family's financial and emotional
condition under the control of your landlord who will likely
continue to raise the rent.
There is a solution!!
If
you fit the criteria below, we may help your family find a long
term home where you can rent until your credit situation is
repaired, then buy the house you are living in!! We'll even
help you rebuild your credit on the way. Or, if your situation
changes and you decide you need another location or a custom
home, we will build it for your!
OWNING YOUR HOME IS THE KEY TO YOUR FINANCIAL PROSPERITY!
See our web page titled Invest
in Yourself for an analyses of the financial benefits of
owning your own home.
PROGRAM CRITERIA
Although every family's situation is different, the following
general criteria will apply:
1. Steady employment for the past 3 years;
2. Income and current debts allow for your ability to commit
to a long term mortgage payment (many times, the mortgage payment
is equal to or less than your current rent);
3. Deposit equal to a minimum of 2 months rent (for attached
homes) or 20% (for single family homes) Usually in cash.
Alternatives like making additional monthly payment toward this
equity over time are possible depending on credit;
4. Timely handling of your bills over the past twelve months;
5. Regularly scheduled payments toward the accumulation of the
future down payment required for a mortgage bank loan;
6. Any time
during agreed
rental term, you have the option to buy the new house you
are living in or we can build
you your new Dream Home!
If you believe your family may be ready to become home owners
and generally fit the above criteria, then please
contact us and let us know your goals and unique needs.
Click below to see current homes available:
Homes Available for Crown Point:
January
2012
Homes Available in Hobart:
Immed.
Occupancy
Homes
Available in Valparaiso:
February 2012
Homes Available in Merrillville:
Immed.
Occupancy
First come:1st Serve!
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