| Lease Option Program |
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Lease Option or Rent to Own is the perfect opportunity for the person who wants to own their own home, but cannot yet afford to buy because of either:1. Lack of funds for a down payment 2. Not on the job long enough to qualify for a bank loan 3. Self employed 4. Poor credit or no credit With our Lease Option program, you can fix these problems while you live in the home of your dreams. Under our program, you may be able to buy your home in as little as 12 months. Here's an example of how the program works: 1. Let's assume the home price is $179,900 and requires a 3% non refundable option money down payment* for the lease option. This locks in the price of your home for the term of your lease - no matter how much the home appreciates. 2. Your total monthly payment is $1200.00*, part of which goes towards buying your house: Rent payment: $1000.00* Option money: $ 200.00* (goes toward your purchase price) Total Payment = $1200.00* per month 3. The $200.00* per month "option" payment goes toward the purchase price and secures your exclusive right to purchase the property from us during the period of your lease. This program allows you to build equity while YOU are also reaping the benefits of any future appreciation of the value of the house! 4. To move into your home, you must pay first month's rent of $1200.00*, $1200* security deposit and non-refundable option money deposit of $5,400.00*. Both the option money and $200.00* /month of your rent will be applied towards the purchase price of your home when you buy. *For purposes of illustration only. Portion of down payment may be financed. Actual figures will vary depending on the particular property. Our finance programs offers the following benefits:
View our current offerings for immediately available homes. We can help you buy the home of your dreams. Register Now for our Buyers Priority List To set up an appointment to view any home, please call American Equity Corporation at 1-800-614-9872 |
