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330-810-1976
About Our Financing
Our goal will always be to get you qualified for a low interest FHA or NACA loan. These loans are are 30 year fixed mortgages with rates as low as 3.5% and among the lowest in history. Until that day, when we get you qualified, we offer low money down lease options so you can start buying today.
FAQ
What is a Lease Option?
A lease option gives you 100% ownership rights to a property provided that you adhere to the agreed upon terms. The deed remains in the seller's name until the buyer pays off the balance due by getting a mortgage from a bank.
What are our Lease Option terms?
1. We apply all of your down payment (option fee) to the purchase price. Our down payments generally follow FHA minimum limits of 3.5% down.
2. We credit $100 of each monthly payment to the purchase of the house by discounting that amount from the final sales price at closing.
3. Property taxes are included in your payment.
4. At the end of the year, if we cannot get you qualified for a loan, we allow you to renew your option by putting another one to two thousand down which all goes to principal. You may continue to renew until the balance is paid.
What happens if my payment is late?
If you are late on a monthly payment, god forbid, we give you a full 30 days to recover and pay the balance due. Late fees and lawyer fees are applied.
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