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Lease/Purchase

Lease with option to purchase; $150,000-$450,000 in select areas

 

You may qualify to Lease with a Right to Purchase Program

This program is intended to provide qualified individuals who are not ready to buy today with a clear path to homeownership in the near future.

Applicant Requirements to Lease

Everyone that is 18 years of age or older that will be living in the home must be on the Lease. $50,000 minimum household income with stable employment. Average of all credit scores greater than 550, poor credit needs to be tied to a life event. Bankruptcy must be discharged. Housing ratio of 35% and total debt 45%. 1 year tax returns with P&L for self-employed.

Your Obligations

$75 Application Fee per household, 2 months Security Deposit and a 12-month lease. The option to purchase is for 5 years. The rent and purchase price increases each anniversary a predetermined amount. You are only required to complete a 12-month lease.

Eligible Properties

Price $150,000-$450,000
Single Family & zero lot line only.
Minimum 2BR, max 3 acres, no REO/short sale.

The property MUST reside in an approved High School Zone

Williamson: Brentwood, Franklin, Ravenwood, Centennial, Independence, Fred J. Page, Summit, and Fairview
Rutherford: Blackman, Riverdale, Oakland, and Siegel
Sumner: Hendersonville, Beech, Station Camp, and White House
Wilson: Mt. Juliet and Wilson Central
Robertson: Greenbrier
Cheatham: Sycamore and Harpeth
Maury: Spring Hill

Call me at 615-260-8124 for details

Request Consultation