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Questions? Call us at:
602-300-8489
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| Learn the Basics |
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Let us help you find your new home, assist you in credit score improvements and finance your home. get tips on what to look for in a home and how to protect yourself along the ways.
- Defining what you want
- Evaluating what you can afford
- Setting the time-period between lease and purchase
- Shopping for a home
- Making an offer
- The final closing
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HOW DOES IT WORK?
Once you’re committed to move into a home you know you’ll call your own very soon, but know there are problems with you being able to qualify for one we come into play. Whether you have problems like past credit issues or don't have the money for a down payment we can find solutions for you in order to qualify for your own loan within a 12 to 18 months period.(1)
We can offer you a program where you can RENT-TO-OWN the home of your choice. You pick YOUR new home and we then buy it for you. Your benefit is that you can move into your new home in a short time frame, leasing the home for 12 months while you are establishing (or re-establishing) your credit. In most cases you’ll be able to purchase your new home after the initial 12 months period. You only make a small deposit ($2000 for homes in the $200,000 range, $3000 for homes in the $250,000 price range and $4000 for homes in the $300,000 price range). Your final purchase price is predetermined and you might benefit from an appreciative home market creating instant equity during your lease—period.
HOW CAN YOU GUARANTEE THAT I WILL BE FINANCED AFTER THE TERM?
GR8 NAYBORS LLc cannot guarantee that you will find financing at the end of the lease term. However, we do have a special relationship with lenders that will work with credit scores as low as 550. Since we require applicants to have at least a 550 credit score to begin with, the chances of getting financing at the end of the term are very good. During the lease term our Acquisition Officer (AO) will also look at our clients credit score and let them know what steps need to be taken before the end of the term to have a better chance at getting financed. ²
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HOW MUCH IS RENT?
Rent can be as low as .7% of the original purchase price of the home.³ For example; if the purchase price of the home were $100,000.00 then the rent would be approximately $700 per month.
SOUNDS TOO GOOD TO GOOD TO BE TRUE?
It's not. All we do is help people purchase their dream homes by eliminating the two largest barriers to homeownership: credit problems and the lack of earnest money or down payment.
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During the 12-month leasing period, your good rental history will show a lender that you can make your mortgage payment. During the leasing period you keep track of financial responsibilities (such as utilities, car loans etc) and pay them on time in order to establish or re-establish good standings with the credit bureaus. Last but not least, YOU chose the home you like and we take care of the rest once you quality for our program.
SO WHERE DO YOU START?
Call one of our Ownership Solution Experts at 602-300-8489 to start the process.
Approval is simple, fast and far easier than qualifying for a mortgage. If you can fill out a rental application then you can apply with us!
We can start your process toward homeownership today, call us or e-mail us or simply apply on-line. Most pre-approvals can be made in 24 hours so get ready to shop for your new home tomorrow!!! |
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*$3000.00 for homes up to $300,000.00
*$5000.00 for homes up to $500,000.00
¹Certain terms and exclusions apply.
²These recommendations are only suggestions and do not constitute legal advice.
³Rates and rebates subject to change at any time at the sole discretion of management |