Our Lease Option program,
often referred to as the Rent-To-Own program:
This program is for
anyone, but it is especially great for people who have less than
perfect credit or people who have not yet been able to save up enough
money to purchase a home. It is a credit building program that helps people get their own mortgage in a short period of time!
This program is
very simple, we go out and find the kind of house that you are looking
for. If we don't already have it in our listing of properties, then we
put you into the property and you make monthly rent payment to us.
There is a non-refundable Option Fee to participate in the program.
This can range anywhere from 3-10% of the purchase price of the home. THE GREAT THING IS....
the full Option Fee is applied to the purchase price of the home when
you go to purchase it. This is a big plus for the mortgage companies
when it comes time to qualify for your mortgage. The more that you can
show as a down payment, the better. Although many lenders will accept
3%, or 5% down, some will even finance the closing costs.
Here is an example of how our program works:
EXAMPLE: $100,000 house (purchase price)
$5,000 Option Fee = (5% applied toward purchase price)
___________________________________________________________
$95,000 balance left to finance plus closing costs
The next bit of good news comes when you see that you can participate in one of our Rent-To-Own Programs
that also allows you to apply a portion of your rent payments towards
your down payment. This amount is different with every deal. As an
example; if your monthly rent is $800, and if you are willing to add
$200, we will match that amount. In essence you would be applying $400
a month towards your down payment. In one year that would be a down
payment amount of $4,800. If you rent-to-own two years, that would be
$9,600 total down payment. All along making it easier and easier to
qualify for a low interest loan.
EXAMPLE: $800/mo. rent + ($200 additional applied towards down payment)
This totals $1,000 mo. payment for you.
We will match your $200/mo. payment giving you $400 a month towards your down payment.
WHAT A DEAL: YOU PAY $1000/MO. AND GET $400 CREDIT PER MONTH
$5,000 Initial Option Fee
$4,800 additional down payment after one year of $400/mo. credits
$4,800 additional down payment after two years of $400/mo. credits
$9,600 total down payment after two years
On
a $100,000 home, that's almost 10 percent down in only two years... Can
you see yourself in the position??? Finally, getting something from
your rent other than just a roof over your head, and paying someone
else's mortgage!!!!!!
We also offer $50/month credit if you pay your rent on time!!!!
...
This program is extremely popular. The houses/properties that we get
are sometimes gone in days... sometimes even hours after we call our
clients that are looking for houses to Lease-Option. If this program
sounds like something you would have an interest in, we suggest that
you don't wait, start heading in the direction of owning your new
home........
We do deals on every kind of property, any price range, any location.......
If
after reading this you feel that you have a sincere interest in any of
our programs, please feel free to contact us, we will then go further
into the pre-qualifying process with you. Remember we can help
everyone, some just may take more time, some may take more effort, but
that is what we are all about..... helping others realize their dreams
of home ownership.
What to Expect When You Call Us:We
will need some personal information like your address, how long you
have lived there, your social security numbers, your gross monthly
income including that of your spouse, your employers, your occupations,
your birth dates, e-mail addresses, and your home/work/cell phone
numbers. Then we will also ask for you particular interests, such as,
what kind of house are you looking for? What area are you looking for?
When are you ready to take the first step to owning your new home? How
much money you have towards a down payment? How is your credit? Which
program are you interested in? You can also fill out our Buyers Form, if you're not ready to make that call just yet.
Once all of these questions have been answered, then we can start the process of trying to find you the house that will become YOUR home!!!!
We
very much enjoy what we do and enjoy the results that we are able to
obtain. We look forward to hearing from you, and hope that we can help
you with this very important step in your life.
One final thing.........
Our Motto:A happy homeowner is a satisfied customer.
Sincerely looking forward to working with you.
David Langham
P.S.We
also have a great finder's fee program. We will pay you $250 per person
that you send to us, that either has a home they wish to sell that we
will use in our program, or a person that you send to us that needs to
find a home. You will receive the $250 once the person has either
purchased a home through our program, or once we have purchased
someone's home through the program that you have referred to us. What a
great way to acquire even more savings!!!! If you have an interest in
this program, please feel free to ask us about it when you call.
724-400-4300 or email us at: Sales@iresWeBuyHouses.com
Click here for a list of Frequently Asked Questions.
Click here to fill out our Prequalification Form and get the process started to purchasing your next home.
