LEASE TO OWN/LEASE PURCHASE OPTION. THIS IS NOT A RENTAL. 2806 Markham Street Portsmouth VA 23707 is being offered as a Lease Purchase Option which is perfect for someone that wants to buy a home but cannot qualify for a traditional mortgage for whatever reason. This is not a rental property. You are leasing until you purchase this house with bank financing in 2 to 3 years. Bad credit is OK and down payment assistance is available. If you are just looking to rent, this home is NOT for you. Buying a home from us is SIMPLE. PURCHASE PRICE: $160,000: MONTHLY PAYMENT: $1,325 (taxes and insurance included) DOWN PAYMENT: $ 5,600 or 3.5% of the purchase price. 100% of the down payment comes off the purchase price and secures your exclusive right to buy the home for the above purchase price at any time during your lease. DOWN PAYMENT ASSISTANCE: We accept borrowed funds for closing. You may also be eligible to withdraw from your pension (or your 401K plan or any qualified retirement plan). Home Details: Home is located in the Mount Hermon area of Portsmouth VA. 2806 Markham Street is a 3 bedroom 2 bathroom custom and professionally renovated single family home. Driftwood wood laminate floors and matching carpet. Kitchen offers stainless-steel appliances and maple wood top end 42 cabinets, custom counter tops. High end light fixtures. Custom ceramic tile and glass mosaic back splash. Custom walk-in shower. All bathrooms new. Additional bonus room for entertaining and multimedia and attached sun room with full windows. Detached garage. New windows, new central heat and AC, new electrical, plumbing, drywall and paint. And the list goes on! Make an appointment to view this lovely home! Call Almateen at (757) 535-0591 Address: 2806 Markham Street Portsmouth VA 23707 Price: $160,000 Down Payment: $5,600 Monthly Payment: $1,325 Square Feet: 1,450 Bedrooms: 3 Bathrooms: 2 Terms: For Sale. Lease w/ Option for Purchase for 24-48 months Property Type: Ranch Style Home w/ garage Lease Option with Purchase Agreement Note: This property is not for rent. It is for "rent to own" / "lease option". We are looking for someone who wants to buy a house. Bad credit is OK. When banks say no, we say yes. Get another chance at home ownership. Your Qualifications for Approval? 1. Household income over $48,000. 2. Credit score 580 or above. 3. No active bankruptcies, histories considered: rental, housing, debt and income ratios, employment (self-employed ok), all household members over 18 must apply. 4. Must have satisfactory rental history. No past evictions, unlawful detainers, writ of evictions, rental judgments, etc 5. Within 3-4 years you must qualify on your own with a 3rd party mortgage company should you choose to purchase the home; we have companies that work with; your choice. Don t just rent; rent to own now! Let s face it, most people would rather live in a home they are buying, not renting, and you can do just that! By choosing our "Lease with a Right to Purchase." Lease-option, rent-to-own, bad credit is okay, no banks required
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