The biggest concern our prospective clients have when viewing our website is whether or not their rent to own homes application will be approved. If you have ever been declined for a loan or home, it can be a devastating experience. With that in mind, we wanted to put your mind at ease.
Our rent to own home program truly is No Credit Qualifying.
We have placed tenants that have had bankruptcies, foreclosures, car repossessions, charge-offs, collections, judgments, tax liens, you name it.
How do you know if you qualify for one of our homes for rent to own?
Simple, answer these four questions:
- Can I truly afford to rent to own a home?
- Do I have the cash necessary for the first month’s payment and down payment?
- Am I seriously committed to restoring my credit (if credit is the issue) so that I can qualify for a mortgage within 24 months?
- Do I really want to own a home instead of being a career renter?
If you answered yes to all four questions, you are APPROVED!
Yes, if you see a rent to own home listing that works for you we can have you in the home in as little as a day!
Here’s what the application will show us and how we get the answers to the questions:
1. Can you afford the home?
We will pull a credit report to understand exactly what your current debt obligations are. Then, we will calculate your debt to income (DTI) ratio. You can do this too.
Here’s the formula:
Total monthly credit obligations divide by gross (not net) monthly income e.g., let’s say you have a car payment of $500 and a credit card payment of $250 for a total of $750 per month and your gross monthly income is $5,000, you would take $750 divided by $5,000 to get a DTI not including housing of 15%. We want to keep your housing ratio at 30% or under and your total debt obligations at no more than 40%. The purpose here is to ensure that if the car breaks down, you have the liquidity to get it fixed and don’t have to risk missing a home payment.
2. Do you have the cash necessary for the first month’s lease payment and option fee?
Your application will tell us.
3. Are you seriously committed to restoring your credit so that you can qualify for a mortgage within 24 months?
Here’s how we know, if credit is stopping you from obtaining a mortgage, our program requires that you enter into and pay for the Credit Repair College, the DIY credit restoration program we personally developed to get you fast tracked for mortgage qualification. With Credit Repair College, you are provided live videos of credit restoration being handled for clients just like you. You receive the actual forms, letters, strategies, techniques, scripts and services we use. You also get complete detailed explanations on exactly how things work and what to do as it pertains to your personal situation. No more guessing games. Credit Repair College is credit restoration on steroids and the fastest solution to get your credit restored and get you fast tracked for mortgage qualification. That’s what you really want, isn’t it?
The cost? Only $37.00 per month, or about the cost of one dinner out. Once you complete the Enrollment Application, you will be automatically registered for a 2 week free trial to Credit Repair College so you can begin your path to clean credit. You may cancel at any time prior to contract execution but we are so sure that you are serious about restoring your credit that you once you see this one of a kind program, you won’t want to because I personally show you how I took my own personal credit score from a 487 to a 787.
4. Do you really want to own a home instead of being a career renter?
Here’s how we know, our program is set up such that when you execute a deal, it is just like you qualified for a mortgage and bought the home. The only difference is that instead of having conventional institutional financing in place, we have arranged for private financing through an investor. So, you bear all of the maintenance and repair responsibilities just as if you owned the home in your own name.
That’s it! It’s that simple. If the answer to all four questions was yes, take the first step towards home ownership by completing your application right now!
The cost of the application is $37.
Q: Do I have to complete the Enrollment Application to view your rent to own homes listings and if so, why do I have to complete and pay for the Enrollment Application to view your rent to own homes listings?
A: I get this question from time to time and on the surface, from your perspective, I understand why initially it may not make a lot of sense. First, let’s make sure we are discussing the same thing. We don’t sell lists of properties. Any and all properties we have in our current inventory can be seen here: Listings
Though at one point we maintained approximately $40,000,000 in standing inventory across multiple states, because our business has expanded nationwide and our most popular program is our Custom HomeFinder Program, we don’t maintain a lot of standing inventory
With respect to completing an application and paying prior to viewing any of the listings we do have in standing inventory, let me see if I can make it make sense because the objective is to help serious people get what they want quickly with a minimum of hassle and for people that aren’t serious, to help ensure that they don’t waste time and get upset (and so we don’t waste our time, either, obviously).
The short answer is yes, our program requires completion of the Enrollment Application prior to viewing any homes. It is purposely designed to be a roadblock for people that aren’t serious. The reason is that with us, it isn’t about a particular house, it is about the program that we run. In other words, if our program isn’t right for you, there is no point in seeing any of our homes since our program is designed to take people who want to buy a property, but don’t presently qualify for a mortgage and help them easily gain access to a home without all of the traditional credit hassles. During the contract term, our buyers are working towards getting fast tracked for mortgage qualification so they can eventually own the home in their own name which is their desired end result.
Our clients want to be homeowners and want to be treated like homeowners, not renters. Our contracts are not rental agreements, lease options or lease purchases which have very little value to someone like you. We utilize Contracts for Deed to provide you with the strongest possible contract that also enables you to legally deduct your monthly payment from your tax return (just like you do when you have a conventional mortgage).
If this property you are interested in doesn’t work for you for some reason, but our program does, and if we don’t have any other home in inventory that works we also have a Custom HomeFinder Service where we can locate properties that match your description, get them under contract and get you out to see them. You can learn more here: Custom HomeFinder Program
So, basically, it all boils down to this: If we can easily, quickly and with a minimum of hassle get you into a property that matches your criteria, are you seriously committed to getting things straightened out so you can get fast tracked for mortgage qualification to own the home in your own name and are you prepared for the responsibilities of owning a home? If the answer is yes, we can help you.