As low as 550 Credit Score

More Flexible Income Docs

Only need move-in costs to close

Single Family Condo OK

Lease-To-Own Program Benefits:

• Rate locked in on a 30-year mortgage at the time of lease

• Assumable mortgage opotion at the end of the lease period

• Protects you from being priced out of purchasing

• You build equity before purchasing the home

• Equity is applied toward the purchase of the home

• No income or asset seasoning is required

• You can always purchase the home when you are ready

Minimum Requirements:

• Credit score of 580+ (Equifax) down to 550 with a clean application

• Self employment requires a score of 580

• No minimum reserves but must document move-in cost funds

• No active bankruptcy, foreclosure, or short sale

• On time housing payment history for the last 24 months

• Pre-purchase counseling before you move in

Income Documentation:

• Paid by W2? -- Most recent W2 plus 60 days of most recent, consecutive paystubs

• Self Employed/1099?  -- Most recent tax returns, year-to-date profit & loss, 
  2 months business bank statements verifying cashflow and copy of business license

• New employment or raise? -- Letter confirming start date and one paystub 

Cash Needed to Move In:

• NO down payment required!

• 1% of purchase price inception fee

• $1,295 Underwriting and Program Fee (You get a $400 credit by working with me!

• Up to 3% of closing costs (can be covered by seller concession or finance up to 2%!)

Exceptions/Accomodations:

• Have student loans on deferment?  If so, these are not included in total debt ratio!

• Collections/Judgments are amortized over 36 months for easier approval

• Tax Liens are amortized over 36 months or if making payments, included in debt ratio.

• Charge-offs are not included