Rent to Own Homes Utah Rent to Buy Utah HousesSeller Finance Lease Option Residential Real Estate Utah Rent to Own Utah Homes Rent to Own Homes Utah Rent to Buy Utah HousesSeller Finance Lease Option Residential Real Estate Utah Rent to Own Utah Homes Rent to Own Utah Homes Rent to Buy Utah Houses

Rent to Buy or Lease Option
American Fork, Utah 84003
193 N / 350 W 
Offered at $188,800 

Status: Active
Type: Condo/Townhouse
Year Built: 2010
Bedrooms: 4
Baths: 3
Sq. Ft.: 2,280
Lot Size: .08  

For full details and images go to www.rent2ownutahhomes.com

Listed by Patterson Realty Group .... Presented by North Star Realty

Lease to Own Utah Rent to Buy Utah Seller Finance Utah Rent to Own Preferred Buyer Plan

Preferred Buyer Plan



 Great Quote ....... 
" If you fail to plan ... you plan to fail "

The Rent 2 Own Utah Homes 24-Month 3 Step Success Plan

If you’re tired of thinking about some far-off day when you can own your own home and are ready to experience ALL the benefits of owning a new home NOW .... then we invite you to learn the simple strategies we’ve developed that have turned countless renters into successful home buyers within 24 months or less!

Step 1

Become a Preferred Buyer

• Complete your (no cost) Preferred Buyer Application & Exclusive Buyer Broker Agreement in advance of meeting one of our local lending partners ... this will seperate you from being a renter and start you on the path to home ownership.
• Once a Preferred Buyer you are ready to present offers and be taken seriously by Rent to Own Sellers.
• Receive updated listings of Rent to Own Homes that meet your specific criteria and are in the areas you’ve told us you want to live.
• Beat out any competition for your new home by having first access to our huge inventory of motivated sellers offering easy rent to own terms.  

Download the Prefered Buyer Application

 

Step 2 Get Clear on Your Financial Situation

Have your financial situation reviewed (by phone or in person) by one of our top-notch mortgage professionals: 

• Learn exactly how much house you can comfortably afford
• Discover any requirements currently keeping you from getting traditional financing
• Develop a plan to handle any credit issues and enroll in credit repair if necessary

Step 3 Start Shopping for Your Dream Home

 As your Agent we now represent your interests and can give you exclusive access to buy:

• Homes we acquire through our marketing efforts
• Homes listed on the Multiple Listing Service
• Homes “For Sale by Owner”
• Homes “For Rent”
• Pre-foreclosure & distressed sales

STOP WAITING! Own your own home faster than you can imagine by enrolling in our Preferred Buyer Program  by contacting Mike at 801-708-3513.

and Visit

www.rent2ownutahhomes.com

Rent To Own Utah Homes Lease Option Seller Finance Program Requirements

Rent to Own Requirements

Rent To Own Program requirements

The main reason most rent to own programs or lease options fail is they are inherently set up to. Many of the buyers we work with need time to build up a down payment to close with traditional financing, in fact, this is one of the key benefits of renting to own.



While many sellers might offer first month’s rent and a $1,000 option fee, to “rent to own”, or even “50% rent credit”, these scams do not work and will leave you without the real rent to own program requirements needed to buy your home. 

 

Minimum Down Payment Requirements

Minimally, you will need a 3.5% down payment ($7,000 on a $200,000 home) to qualify for a mortgage during the lease option term. (Keep in mind this can sometimes be built up over the first year of the term of the option)
The Federal Housing Authority which insures 90% or more of the mortgages in today’s lending climate, requires this as a minimum down payment to qualify. Minimum down payment requirements for most conventional lenders are 5% to 10% of the home’s purchase price ($10,000 to $20,000 on a $200,000 home) Putting more money down ultimately increases your financing options such as seller or owner financing. If you are able to put 10% of the home’s purchase price down ... in most cases you can own your home from Day 1 and enjoy all of the tax benefits of home ownership.
If you’re unable to put the minimum amount down today that’s OK. Rent credits can be used to build your down payment up the 3.5% minimum during the first year of your option term.

Credit Requirements And Maximum option Term

Most buyers can qualify for traditional financing within 12 – 24 months when established under a legitimate rent to own program. However, no two buyers are alike which is why we go to great care to evaluate your current credit and financing situation before finding the perfect home for you.

By carefully evaluating your situation in advance you can be sure that you’ll have ample time to work on your credit or other financing issues keeping you from owning your own home.

If you are in a situation where you want or need an option term longer than 24 months then putting more money down will “buy” the term you need. As an example, it is not uncommon for owner financing contracts to be for periods of 3-5 years before being required to refinance.

Find Out Answers To Other Common Rent To Own Questions

Visit   rent2ownutahhomes.com

Lease to Own Rent to Buy seller Finance Layton Utah

Lease to Own Rent to Buy Seller Finance Layton Utah ..... Layton, Utah 84040
2050 N / 2556 E 
Offered at $219,000 

Status: Active
Type: Single Family Homes
Year Built: 1983
Bedrooms: 3
Baths: 2
Sq. Ft.: 2,953
Lot Size: .34 


Full Details and Photos at www.rent2ownutahhomes.com

How Rent To Own Utah Homes Works

Rent to Own (also called a Lease Option) is perfect for people who want to stop throwing their money away on rent, month after month, and instead want to start building equity in their new home immediately.

You first pay a nonrefundable Option Fee that will be applied to the final purchase price of the home. Your option fee entitles you to be able to purchase the home at any time throughout the option period (usually 24 months) at the low market price we negotiate on your behalf.

Throughout the option period you’ll be leasing the house at a fair market rental rate which is typically the amount the home will cost you monthly when you secure traditional financing. Since you’re going to be buying the house most sellers will have few concerns over pets or how you want to spruce the house up. Unlike a regular rental though, you become responsible for any house maintenance.

During this time you’ll also be building equity in the home as any amounts that you pay monthly in excess of the lease rate (rent credits) will be applied to the down payment or final purchase price of the home. You’ll also enjoy any equity from market appreciation while you rent to own your new home in Utah.

Why Our Buyers Succeed

Most of the buyers we meet think their less-than-perfect credit history will stand in the way of securing a mortgage. Many others have even heard horror stories about lease option sellers pocketing rent payments and not paying the mortgage, or have heard that most Rent to Own buyers do not end up buying their home. And they’re right! In fact, the number of successful rent to own or lease option buyers who make the transition from renters to homeowners in other programs is extremely low. Why?
Most sellers do not go to great lengths to determine if a buyer can actually afford the home they want to purchase or they underestimate the time (or amount of work) it will take for the buyer to close. The first thing we will do on your behalf is have your current income and credit situation evaluated by a top-notch mortgage broker who will determine the amount of time it will take you to close. When you know exactly what it will take to qualify to buy your home you’ll have the confidence and peace of mind to know you will succeed.
Once you’ve found the home that’s right for you, we then help you put together an aggressive credit repair plan if needed to ensure you will able to qualify to buy your home during the option period. In addition to helping you put together a plan for success, we also make sure the home is “secure”. It’s a sad fact that many homeowners when faced with financial challenges will stop making payments on the mortgage sending the house into foreclosure. By ensuring that all of your payments are handled by a third-party escrow company who pays the mortgage on the house directly, you can feel confident that this will never happen to you. 


Please visit www.rent2ownutahhomes.com 

Rent to Own Utah Clearfield Utah 84015 Lease Option Rent to Own

Clearfield Utah 84015  Lease Option Rent to Own  

Status: Active offered at $210,000
Type: Single Family Homes
Year Built: 2004
Bedrooms: 4
Baths: 3
Sq. Ft.: 2,609
Lot Size: .15 


Full details and photos at  www.rent2ownutahhomes.com