FAQ

Frequently Asked Questions

What types of owner financing do you provide for the homes you sell?

We offer various types of financing for buyers in need of creative purchasing solutions. Depending on your needs we offer homes on a Rent-to-Own basis, by Land Contract or with Seller Takeback. We also work closely with licensed mortgage brokers who work with many lenders to find the right loan for you.

How do I qualify to buy a home?

Although we are interested in your past credit status, we are mostly concerned with your ability to make reasonable monthly payments. It's our business to put good people into good homes. Credit blemishes aren't neccessarily a problem as long as you have the desire to own a home, have a good rental history and are gainfully employed or can document a stable monthly income.

How can I buy a home when I have bad credit?

Our Rent-to-Own and Land Contract programs allow you to earn equity in your home while you are using the rental period to repair your credit. Once you have repaired your credit to the point that you can finance a mortgage we can have one of our mortgage brokers help arrange a loan for you.

How much down payment do I need?

The amount of your downpayment will depend on a few different things. The price of your home and the financing program that you choose will dictate the amount of money you will need to put down. In cases where the downpayment may be more than you can afford, we may be able to provide flexible short term financing to help you make the downpayment.

Do you accept other methods of down payment?

Unlike most banks and lending institutions, we accept borrowed funds for closing. If you know someone who is willing to lend you money for your down payment, you can use that with our purchasing programs. You may also be eligible to withdraw or borrow from your 401K to purchase a home without penalties. We also accept trades.

Can you help at all with the down payment if I come up a little short?

Yes, we can. If you are a bit short on your down payment, we may be able to set up a monthly payment plan spread out over 6 to 12 months.

Tell me about your Rent-to-Own Program?

We can lease you the home with the exclusive right to purchase it at a later date. Our buyers love it because it gives them the time they need to save up for a larger down payment, time to clean up past credit problems, time to sell another home, and also time to try out the neighborhood before buying. 100% of your option fee/down payment is credited toward the purchase price of the home, plus you may be eligible to receive a monthly credit towards the purchase price every time you pay your lease on time.

What is the interest rate on your Land Contract or Seller Takeback programs?

Our interest rates range from 7.5% to 10.5% and depend on your down payment and application. Most credit is accepted and applications are necessary to verify your income and employment, credit history and rental history.

What do I do if I see the home that I want?

Call us or fill in our on-line application. Once we are able to verify your income, employment,credit history and rental history we can then proceed with having you move into the home of your choice. Please keep in mind that our homes go quickly, so time is of the essence.

The home I wanted is no longer available. Do you put me into another?

Yes we can. The best thing you can do is call us and tell us what you're looking for in a home. As soon as a home that fits your needs becomes available, we will call or email you about the home.

I'm an investor. Will you work with me?

Sure we will. Give us a call and tell us what your needs are or the type of investing you do and we'll do whatever we can to create win-win situations.