Homefinder Pro / Lease to Buy
RENT TO OWN / OWNER FINANCE - $475 / MO 1603 C Ave, New Castle, IN 47362
Rent to Own this nice 2 BR 1 Bath ranch home with fenced yard and 1 car garage. $399/month, Lease with Option to Buy for $500 down then can convert to Owner Finance when you have accumulated $3,000 down and have made 12 monthly payments on time in a row.
The Option fee will give you the right to purchase the home anytime within the 2 year option period. You can purchase with your own loan (you will have 2 years to clean up your credit), or you can owner finance it with us on the above terms (your option fee counts toward your down payment and is applied against the purchase price of the home).
There is a considerable discount if you purchase the home now with your own loan or with cash.
View all the pictures (CLICK HERE) and review the qualifications below. Then, if you want to see the inside of the home contact us and we will tell you how get inside. If you like what you see we have an online application that you can complete.
You can also visit "How it Works" and "FAQ" at www.MyHomefinderPro.com to learn how the Rent to Own works.
Also, let us know how much you have for a down payment. Larger down payments take precedence over smaller down payments.
Basic Qualifications:
1. Your gross (not net) monthly income needs to be 3 times the rent plus utilities
2. The monthly payment plus your other fixed debt (car payments, school loan, etc) should not be more than 43% of your gross monthly income.
3. You must have the Down Payment or Option Fee plus the first month's rent.
4. You need to be discharged for at least 1 year from a bankruptcy or 1 year past a foreclosure
5. No evictions in the last 2 years
6. You must have good references from previous landlords & current employers
7. Don't need great credit but must demonstrate ability to make payments.
8. No prior criminal convictions of a violent or drug-related felony within the past 5 years, or sex offender (we check)
Large discount available for a cash purchase, and qualifications would not apply.
Information
CONTACT INFORMATION
Ron West
765-633-4198
ron@plumpropertiesllc.com
PRICING
Rent: $399.00 per month
Lease Period: Two years
Option Fee for Rent to Own: Min $500
Selling Price: $34,500
BIG Discount if you buy now with your own loan or with cash
Features
Bedrooms: 2
Bathrooms: 1
Square Ft: 1204
Lot size: .115 ac
Attributes
Fenced Yard
Detached garage - 1 car
Covered Front Porch
New Water Heater
Aluminum Siding
Updated Electric
Laundry Room / Mud Room
We are experienced real estate investors in Louisville, Kentucky and surrounding areas and specialize in off-market properties.