Lease-To-Own and Rent-To-Own Mortgage Loans

For perspective homeowners under a current Lease-To-Own or Rent-To-Own purchase transaction, and have a purchase agreement with a purchase price that is less than 90% of the appraised value of the property can now purchase their property using the appraised value to establish their equity position in their property. While Non-Qualified and Non-Agency loan programs are constantly evolving please reference the below guidelines to assist you in determining if a Non-Qualified Lease-To- Own program is right for you:

Lease-To-Own Purchase and Rent-To-Own

Borrower Receives Credit for Equity Growth in The Home
Use Appraised Value as Borrower’s Equity for Rate Term Refinance
Loan-To-Value Based Off Appraised Value Vs. Purchase Sales Price
Must Have Canceled Rent Checks
Agreement Must Have Been Executed Over 12 Months Prior To Use the Appraised Value
Loan-To-Value Determined by Borrower’s Credit Profile, Credit Score, Rate-Term Only, No Cash-out
Loans Up To $3,000,000 and 90% Loan-To-Value with no Mortgage Insurance
Renter Is Now Treated as The Home Owner Without Being on Title for Qualification Purposes
Title Must Be Transferred to Borrower at Closing

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