Palmbeachrenttoownhomes.com is the local leader in rent to own homes in Palm Beach County Florida. We specialize in helping Palm Beach residents earn the satisfaction of realizing their home ownership dreams through our Palm Beach Rent To Own Home Program. If you’re tired of renting, and you want to own a home in Palm Beach County Florida but your credit, limited down payment, is holding you back
we may be able to help you
If you are:
· If you are Self-employed Banks will require 2 years tax returns to prove income
· Going through a divorce you want to buy after the divorce
· New job or a recent promotion but the bank needs 2 years w-2
· You are working on your credit and need time for changes to mature
· High debt to income but you are working on paying off some debt
· Bankruptcy is final and you have reestablished credit but you need 2 years payment history
· New business going well you are making money but you need time to show 2 years income
· Bruised or damaged credit that you are willing to do what is required to improve
If any of the above describe the situation you find yourself in, then you are an excellent candidate for rent- to- own homes. The main benefit is you can lock down the property you like and continue the process to owning that home and stop renting and moving. Rent to own will give you the time you need to improve your credit. In the meantime, you are also increasing the time you have in your job. Another benefit is that you have a chance to increase your savings and that will make you a stronger mortgage applicant
To make rent-to-own work, potential buyers must be very secure are willing to follow the protocol and be ready to buy the house at the end of the rental period. You have to comply with the recommendations of the mortgage and credit professionals. It is not advisable to enter a rent to own situation unprepared for the commitment. Otherwise, you will have paid the option money, and not have a home at the end. If you know you will have difficulty complying with the requests of the credit and mortgage advisors; then it is better that you continue to rent, build your credit and down payment savings. When you are ready, you can buy a home on the open market
We are not a good fit for new buyers who don’t know where they want to live or if they want to test out a neighborhood. In that case, it would be better to rent. You also have to have some savings to pay the option fee. The seller has frozen the price and taken the house off the market expecting you to do everything in your power to buy that house at the end of the rental term. You will pay a nonrefundable option fee to allow you the chance to get mortgage ready and buy that house. Palm Beach Rent To Own Homes offers great rent-to-own houses townhouses and apartments in Palm Beach County. If you are willing and work hard in conjunction with the guidance of our preferred mortgage and credit professionals, you can be in a great position to purchase the home in as short of a timeline as possible often in 2 years or less. Give us a call today and let’s get started 561-771-4347
