A Different Perspective

Most lenders just plan to close your loan. We help you plan your legacy.

 

Lease Option Solutions

At Nationwide Home Loans, Inc, we see many clients who don't qualify for institutional financing for a variety of reasons. For example, many people who are self-employed make enough money to buy a house, but because of the way that income is reported on taxes, they won't be approved for traditional financing. Other clients may have damaged credit due to a divorce, bankruptcy, foreclosure, or other common life event.

But just because you're self-employed or have a credit problem that can't be solved quickly doesn't mean that you can't become a home owner. That's where our Lease Option Program comes in. Here's how it works:

  1. Have a conversation with one of our Loan Officers and find out if you qualify. In general, if you have a 10% down payment and enough income for a rent payment, you will qualify. We will help you identify a budget for your home purchase and discuss all associated costs of the program at this stage to determine whether the Lease Option Program is right for you.

  2. Shop for a home within your budget. There are no restrictive lists of homes here, you can look at active listings or off-market and for-sale-by-owner properties, and our realtors can help you find the perfect home if you aren't already working with an agent. And if we can't find exactly what you're looking for, then we will help you renovate a property to suit your needs, or even build a house just for you.

  3. We put the home under contract and purchase it. You sign a lease agreement with us with an option to buy within three years.

  4. Move in and begin making payments. You treat the home as your own - paint, remodel, renovate, whatever you like!

  5. Over a period of one to three years, we help you repair damaged credit, sort out income reporting requirements, or perform whatever other steps are necessary to help you become ready to purchase your home with institutional financing.

  6. You exercise your option to buy with institutional financing.

  7. Congratulations, you're a home owner!

Click below to have that conversation now and find out how we can help!

©2018 by Nationwide Home Loans, Inc. 

Loan terms and credit approval may vary depending upon loan amount. In determining your actual loan amount,, we will consider your ability to repay by looking at your income, debts, credit history and other financial obligations.
 

Nationwide Home Loans, Inc.
NMLS ID: 331347