A lease purchase contract means a portion of the monthly payments goes towards rent and the other portion goes towards paying down the purchase price. A benefit of a lease purchase contract is an opportunity for a customer who does not qualify for traditional financing to purchase a home over time with low credit and low money down. The term is for 30 years or pay it off at anytime never a penalty for early payoff and no balloon The property is purchase as is and sold as is ALL Repairs and taxes when due and Insurance is YOUR responsibility. Property is 2000 down* How to qualify: Must make 3 times the monthly payment of 550.00 Must be able to Provide Proof of Income 1 month of pay stubs 3 months of FULL bank statements If self employed tax return can be used If foreclosed on your closing statement or copy of property records Verifiable landlord references Copy of ID *Please note that bad references or bad credit does not disqualify you from coming into our program but more of a down payment may be required.* Call for more information. Thank you, Pam
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