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Q: |
Does my credit affect the approval of the lease/option? |
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A: |
No, it is designed for people that do not have perfect credit. |
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Q: |
Does a bankruptcy affect the approval of the lease /option? |
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A: |
No, the goal is to get a good 12-18 months of sold on time payments so that a lender will then look at that as positive credit rebuilding. |
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Q: |
How much of my monthly payment goes to the purchase price? |
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A: |
$50.00 per month. |
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Q: |
How much of my deposit goes towards the purchase price? |
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A: |
The entire thing at closing. |
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Q: |
Can I make an offer on the house at a price less then list price? |
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A: |
No, with the lease option it is the list price. |
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Q: |
How long is the option open for? |
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A: |
3 years |
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Q: |
Will the price remain the same until option is exercised? |
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A: |
Possibly not, seller reserves the right to go up on the purchase price 5 % per year. |
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Q: |
Are pets allowed? |
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A: |
Yes, with a pet deposit. |
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Q: |
Do I have to pay taxes and insurance? |
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A: |
No, during the lease period the seller pays both taxes and insurance, but it is highly recommend that you obtain renters insurance for the contents. |
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Q: |
How do get started? |
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A: |
Download the application fill it out and call Jackie Moncrief at 850-258-2972 to schedule an appointment. |
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Q: |
What happens after the application is approved? |
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A: |
You will then sign a lease agreement and an option to purchase agreement, and that is it, until you decide to exercise your option to purchase.
Copies of these forms are linked below.
Forms should be viewed and or printed using Adobe Acrobat Reader.
Click here to download free Acrobat Reader.
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Structure Lease Agreement |
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Structure Option to Purchase Agreement |
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Structure Rental Application |
Click the link below for a sampling of some of the floor plans we are currently building here in the Bay County Area. They cover a variety of price ranges from the modest, budget conscience entry level home to a beautifully appointed upscale executive home for the discerning homebuyer.
