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Looking to Buy?Do you want to buy your Own Home and you think you can’t get qualified? Do you want to buy your Own Home but the Bank have turned you down? Do you want to buy your Own Home but you think you don’t make enough money or you think you don’t have enough down payment? Do you want to buy your Own Home but you are self employed? Guess what, we may have the solution. We specialize in helping people own a home often where banks and mortgage companies have failed...Perhaps we can help you own your own home. "I would like to take this opportunity to say, How much Marilyn and Adriance helped and worked in order for my family to have a chance at the great American Dream of Home ownership. I am a very mobile person due to my line of work, they accomodated my hours and I'm sure to the sacrifice of their own private time. I am grateful these two ladies worked patiently and tirelessly for my family and me. Thanks again" - Darren S. Larson "Thank you and your staff for all your help in the purchase of our home. I have to be honest with you. At first, I never believed that owning a home would be possible for us with our questionable credit and limited income. I have to say a huge thank you to Marilyn. Not only did she bend over backwards for us, she was jumping though hoops for us. Marilyn, thank you. You are an angel." We provide hard working families the opportunity for the American Dream of home ownership without a big down payment or perfect credit. We have many beautiful homes in gorgeous neighborhoods available to Rent-to-Own or with Owner Financing. We also have Down Payment Assistance and Work for Equity programs. Our customers are responsible, hard working people who often do not have enough money saved for a down payment or who need some time to get beyond a less than perfect credit score. Other customers have excellent credit - they just want instant access to their new home without the time-consuming hassles of traditional home buying methods. Maybe it's a job transfer, or you simply want to 'test drive' the home and neighborhood before making a long-term commitment. Whatever your situation, I am totally confident that I can provide you with the home of your dreams. "We went to five different mortgage lenders, and each one told us they couldn't help us for one reason or another. We never thought it would be possible to get into such a beautiful house with so little money down and such a reasonable monthly payment."
Frequently Asked QuestionsHow does your Rent to Own program work? Our program is designed for people who either can't or don't want to obtain a mortgage in their name right now. Usually, its because they need a little more time to save up for a down payment or to clean up a few credit issues. Others just want immediate access to their new home without the time-consuming hassles of traditional mortgages. You may have already seen one of our homes for sale, and you've decided that you love it, but aren't sure what to do next. Step One: Give us a call at (407) 767-5900 and press zero during the greeting announcement. During business hours of 8am to 8pm Monday-Saturday, this will transfer your call to a live Client Representative (during busy times you may have to leave a message for them). They'll take your application over the phone, discuss with you appropriate down and monthly payments, and answer any questions that you might have. Step Two: Once you've qualified, paid the down payment, and moved into your new home, we'll begin the process of helping you obtain your own loan from a mortgage company. This usually includes cleaning up some past credit issues and takes between two and twelve months to accomplish. In the meantime, you'll continue to make your monthly payment to We Buy Houses. This is called the 'lease period'. Step Three: The 'closing' is where you get the loan money from the mortgage company and ownership of the house is transferred into your name. The closing is held at a local title company, and typically takes about an hour. Congratulations; you now own your home!
How much down payment will I need? / How much is the monthly payment? To some extent, they depend upon each other. The more down payment that you have, the less the monthly payment can be, and vise-versa. Your Client Representative can work with you to create a plan that you're comfortable with.
Does my down payment get applied directly to the purchase price of the home? Yes. 100% of it.
Does any of my monthly payment go toward the purchase price of my new home? Your Client representative will help you determine a fair monthly payment based on your down payment and the purchase price of the home. 110% of anything above that amount is credited to the purchase price of the home. For example, if you decided to pay an extra $200 per month toward your home, $220 would be deducted from the purchase price of the home at closing for each month that you paid extra. You might also decide to apply larger amounts from tax refunds or bonuses at the 110% rate toward your home.
How long do I have before I need to get my own loan? The lease period is usually twelve months. During that time, we'll help you to apply for and obtain a loan.
How do I know I'll be able to get a loan? Prior to moving into your new home, we'll do a mortgage pre-qualification evaluation. That will tell us exactly what to do in the next twelve months in order for you to obtain a home loan.
What about property taxes? During the lease period, We Buy Houses will pay the property taxes. After the closing, you'll be responsible for them.
What about closing costs? There will be no closing costs up front. Although they can vary, most people expect to pay about 1% or less of the purchase price of the home in costs at the closing. In most cases, these can be financed into your loan so that you have no out-of-pocket closing costs.
What about my credit rating? At We Buy Houses, we're looking toward your future, not into your past. In other words, we're more interested in your ability to make your payments on time than we are about your credit rating. Our program is an important part of a comprehensive credit rebuilding strategy that actually helps to rebuild your credit because of a specific way that we track your payments. Many people can buy houses through us who never thought they could own their home — even those with bankruptcies.
Do you offer down payment assistance? Yes. In many cases, if you don't have enough down payment, but otherwise qualify for a loan, we will pay some or all of your down payment for you.
How does the Work for Equity program work? The Work for Equity program is terrific for people who don't mind doing some light repair or remodeling work on their new home in full or partial exchange for down payment.
What if I can already qualify for a loan? Do I have to go through this program? Not at all. We welcome all types of buyers regardless whether they choose one of our owner financing programs.
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