FAQ

Is an option fee required in Lease Option?   
YES. To have an option to buy, you must, by law, put money down toward the property, which goes toward the purchase price of the home. Your purchase price remains locked-in.   

A quick example of the option fee process:
Purchase price - $150,000.00, option fee amount of $7,000.00. The amount due when you qualify for Owner financing is: $143,000.00 ($150,000.00 - $7,000.00).

How much is the option fee?
That depends. A large option fee will help tremendously when you're working with us for long term financing. You should offer as much of an option fee as you can afford, so that we may get a home in your name as soon as possible.
Higher option fees will give you first choice when your ideal home is available. However, you should know that if you fail to qualify for bank financing within the term of the lease, your option fee may not be refundable.  

I have horrible credit. Can you help me?   
Most likely, yes. Depending on how much you can afford as an option fee and just how bad your credit is, we may still be able to get you in a property. We can put you in touch with a Credit Repair Specialist who can assist you in finding a credit solution.