Fixer Upper Lease with Option to Buy. Great opportunity for the right person buy a home well under market value, create and build great equity to your own financial benefit. Low down payment, lower monthly payment, easy qualifying. Sale Price: $56,500.00 $20,000 under Zillow.com fair market value of $76,552. Cosmetic remodeling needed, paint, carpet, flooring and any other things you want to do to make this home suit your taste and your needs. Available as is at this reduced price and monthly payment if you are willing to do the work. You gain lots of equity. Easy Qualifying, Low Down. Terms: Lease/Option (Rent to Own) - $1000 to $2500 down and $595.00 per month (includes taxes & insurance). Down payment assistance programs are available if you do not have the full $2500 down payment at this time. You will also build nice equity in this home with our 50% rent credit toward the purchase of this home in the first year half of your $595.00 monthly payment is credited toward purchasing this home on our rent to own program. After one year, the monthly rent credit is $150 per month. This is a great way to save for a down payment toward purchasing this home to be used at a later date when applying for a mortgage loan to refinance out of the rent to own program. You may take as long as you need to get in position to qualify for a standard mortgage or FHA mortgage. Home Information: 3 Bedroom, 2 bath, 1.5 story home that comes with a double lot, located in a nice, quiet neighborhood on Mishawaka s Southside, offered at a reduced price and monthly payment. The home has two bedrooms on the main level and 1 large bedroom on the upper level with good closet space, vinyl siding, vinyl replacement windows, a nice enclosed front porch or den area, a nice living room with vaulted ceilings, a beautiful eat-in kitchen that comes with beautiful oak cabinets, 2 full bathrooms, one on the main level and one on the upstairs level, a gas furnace and central air conditioning, electric hot water heater, and a basement. If inquiring about Lease/Option (Rent to own), the following programs are available: Rent to Own with $2500 down and monthly payments of $595 per month including taxes and insurance. Down payment assistance programs are available for lease to own buyers with decent qualifications but who may be short the standard down payment of $2500. You may qualify to put down less ($1000, $1500, $2000, etc.) up front and make small payments on the balance of the down payment each month until the $2500 down required is met or you may do this in combination with using your tax refund that may be available next year. Email for details or call 574-674-0828 for information. Also, Land Contract financing available with $11,000 down and monthly payments of approximately $495.00 per month including taxes and insurance. This is available for qualified buyers only. Lease/Option (Rent to Own)
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