QUALIFICATIONS
Our goal is to set you up for success. This is why we have determined the following criteria must be met in order to qualify for the Lease with Right to Purchase Program. We will use our minimum criteria to determine your eligibility and maximum rental amount then provide an approval letter - similar to a pre-approval letter with a mortgage lender. This will allow you to go home shopping.
APPLICATION CRITERIA
1) Minimum household income of $45,000 or more
2) Stable employment (6-Months Plus OR Job Offer Letter)
3) No major felony convictions
4) No previous felony convictions
5) Credit Score of at least a 575
6) No new collections in the last 6 months (exception: Medical)
7) Chapter 7 Bankruptcies must be discharged (if applicable)
8) Chapter 13 Bankruptcies must be on a payment plan with payments made on time (if applicable)
9) Must have approximately five to six weeks available to compete the process from application to move in
10) Up to 3 Pet(s) allowed - No farm animals, Doberman, Pitbull, Rottweiler or Mastiff.
TYPE OF FAMILIES WE HELP
Commission based income individuals
Credit issues/low credit scores
Bankruptcy (chapter 7 & 13)
Short Sales (current or past)
Foreclosures (current or past)
Any judgements on your credit
Individuals unsure if they will be relocating in the next 1-5 years
Individuals still saving for a down payment
Relocation to Florida (with offer letter)
Renters unsure if they want to purchase
