Looking for a path to homeownership? Your opportunity to pour "sweat equity" into your home to make it yours. This beautiful home is available through a Lease Purchase (Rent-to-Own) program, giving you time to prepare for traditional financing while living in the home. Terms: Monthly Payment: $2,300 Option Deposit: $20,000 Lease Term: 24 26 Months This is an excellent opportunity for buyers who have steady income and a down payment but need additional time to improve their credit, establish employment history, or complete other financing requirements before purchasing. During the lease term, you'll have the opportunity to enjoy the home while working toward obtaining a mortgage and completing the purchase. Ideal for: Self-employed buyers Buyers rebuilding credit Families relocating Future homeowners who need time to qualify for financing Serious inquiries only. Applicants must complete an application, income verification, background screening, and demonstrate the ability to qualify for a mortgage by the end of the lease term. Property will need to be cleaned and some items may need to be replaced. Owner is leasing in CURRENT "AS-IS" condition. Contact for more photos of the interior. Contact us today to schedule your private showing and learn more about this unique homeownership opportunity! **property does need work! EZ Entry for those who are looking for a home. Lease Purchase Terms Thank you for your interest in this Lease Purchase opportunity. Please review the following terms before applying. Lease Term Initial lease term is 24 months with potential rights to extend. The goal is for the tenant-buyer to obtain traditional mortgage financing and purchase the home before the lease expires. Monthly Lease Payment Monthly rent is $2,300, due on the agreed-upon date each month. Late payments may result in late fees as outlined in the lease agreement. Option Deposit A $20,000 non-refundable option deposit is required at signing. The option deposit secures your exclusive right to purchase the property during the lease term. The option deposit will be credited toward the purchase price at closing, provided all terms of the agreement are met. Purchase Price The purchase price will be agreed upon before the lease begins and documented in the Lease Purchase Agreement. The purchase price remains fixed during the lease term unless otherwise stated in writing. Financing Tenant agrees to actively work toward qualifying for a mortgage during the lease period. Tenant is encouraged to meet with a lender within the first 30 days and periodically throughout the lease term to monitor financing progress. Maintenance Tenant is responsible for routine maintenance and keeping the property in good condition. Major structural repairs or other responsibilities will be outlined in the lease agreement. Utilities Tenant is responsible for all utilities unless otherwise specified. Homeowners Association Tenant agrees to comply with all applicable HOA rules and regulations. Insurance Tenant must maintain renter's insurance throughout the lease term. Purchase Closing Tenant agrees to make a good-faith effort to complete the purchase before the lease expires. If additional time is needed, an extension may be considered at the seller's sole discretion and must be agreed to in writing. Default Failure to comply with the lease or purchase agreement may result in termination of the option to purchase, subject to the terms of the agreement and applicable law. Application Requirements Applicants should be prepared to provide: Government-issued identification Proof of income Employment verification Background check Credit report References Verification of available funds for the option deposit This Lease Purchase Program is intended for individuals and families who are committed to becoming homeowners and are working toward qualifying for mortgage financing.
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