Frequently Asked Questions
Do you arrange owner financing for the homes you sell?
Yes, we sell many homes with owner financing or by creating Rent-to-Own situations. We also work closely with licensed mortgage brokers who work with many lenders to find the right loan for you.
Do I need to qualify to buy a home?
We are not extremely interested in your past credit status. Your ability to make reasonable monthly payments and your desire to be a homeowner now is what is really important to us.
How can I buy a home when I have bad credit?
You can’t through conventional lenders, but you can with our help. We can setup owner financing or by creating Rent-to-Own situations to help improve your credit over time. We also work with mortgage brokers who may be able to arrange a loan for you.
How much down payment do I need?
We are very flexible with your down payment. We can offer you many options and we always do our best to work with whatever funds you have available. You can even start out on our Rent-to-Own program and then move to our owner financing program at a later date when you have the additional money.
What other methods of a down payment are accepted?
Unlike most lending institutions, we accept borrowed funds for closing. If you have a close friend or relative willing to lend you money for your down payment, you can use that with our programs. You may also be eligible to withdraw or borrow from your 401K to purchase a home without penalties. We also accept trades.
Do you offer down payment assistance programs?
Yes, we do. Many times, if you are a bit short on your down payment, we can set up a monthly payment plan spread out over 6 to 12 months.
How does your Rent-to-Own Program Work?
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 home purchase programs?
We are flexible with our terms to meet your needs. Typical interest rates range from 7.5% to 10.5% depending on your down payment and application. All credit is accepted and applications are necessary to verify income and employment.
I love the home, what is the next step?
All we need is your application. You can even fax it to us for fast processing! We will then contact you within 24 to 48 hours once we are able to verify your income and employment. Please keep in mind that our homes go quickly, so time is of the essence.
The home I wanted has been sold… can you find me another one?
Yes, we can. Our homes go fast, so the best thing you can do is join our online VIP Buyers List. Tell us what you are looking for, how soon you are looking to move and we will do our best to find you your next home. As soon as a home becomes available, we will call or email you about the home. Click here to join our VIP Buyers List now!
Do you work with investors?
Yes, we can help you whether you are just beginning or if you are an experienced property owner. We can supply you with properties needing repairs at wholesale prices or those already repaired and with or without tenants occupying them.
What are Owner Financed Homes?
An unfortunate reality of today’s economy is that many people can’t qualify for traditional bank loans. This prevents many good honest and hardworking individuals from achieving their dream of homeownership. Owner financed homes are home loans that are provided by the owner rather than a bank. This helps you to build the credit and equity you need to eventually qualify for a bank loan and own your home outright.
What if I do not Have Enough Down Payment to Qualify?
You will join our VIP program. This is our ‘House on Layaway’ plan where you deposit with us the initial funds you have to work with now and contribute more each pay period until you accumulate enough to move in.