What is Option to Buy?

If you are unable to obtain a loan but have money for a down payment, you may want to consider leasing a home with the option to buy. 

An “Option to Buy” is like putting “dibbs” on a home.  Move in now, buy later.

* You can purchase an option to buy at the time you complete your rental agreement.

* Option to buy fee is $3000.00.  Once you obtain financing, the fee is subtracted from the purchase price of the home.

* Once you purchase the option to buy, your purchase price is locked in for one year and your option is also renewable.                       

* At any time during your lease, you may obtain your loan through the financial institution of your choice and any type of loan you choose.                                                   

* While you are living in your home and making your payments on time each month, you can be rebuilding your credit.                                                                                                                                                                                            

 

Please Note:

* With the lease with the option to buy program, you are buying an “Option to Buy” on a house. 

* Your option to buy fee provides you the benefits listed above.

* At the time you exercise your option to buy and actually purchase your home, your fee will be deducted from the purchase price.