- Affordable Homes for America
- Townhomes for Sale
- Community
- Floor Plans
- Townhomes Exterior
- Townhomes Interior
- Neighbourhood Plan
- Our Model
- Build To Order
- VIP Registration
- Directions
- Buyer Info
- Realtor Info
- Resident Hand Books
- Contact Us
- Developer Info
- Explore Our New Campaign
- Testimonials
- Go Green
- Texas Townhome Videos
Why Rent, When you can Rent to Own?
Rent to Own and Lease Option Homes are a terrific alternative for people who would like to buy a home now, but may need some time to discover all a neighborhood has to offer, to build their credit, or raise a down payment.
Mockingbird Building Group in concert with it’s lenders, have created a very special opportunity that allows you to you to buy on a Lease Option or Rent to Own Program.
So what does buying a house on rent to own or a lease purchase entail? The process is simple and uses two documents: A standard rental agreement, and an Option.
- The rental agreement outlines the terms of rental including monthly payment and length.
- The "option" agreement gives you the right to purchase the home within a certain period of time, at a certain price.
While a typical bank requires 10-20% down payment, buying a Chase Oaks Village Townhome through this special opportunity allows you to own your home and only requires 3-5% option fee for the right to purchase the property. The great part is that all of the money gets applied to the purchase price when you buy.
In addition, Chase Oaks Village through this special opportunity will give monthly rent credits, toward the purchase of your home. You live in the home while building equity, and have time to fix credit issues or raise your down payment.
Most people think they can’t own their own home. Maybe you can relate to the following situations:
- You want to “Try out” a neighborhood
- Need to move fast, without waiting for a bank (Relocation)
- You are Self Employed
- You want to improve your credit
- You want to live in a quality townhome community
Whatever your situation is, talk with us. We can help.
Come to our Sales Model today. You won’t be disappointed.
Frequently Asked Questions
How Does Your Financing Work?
We offer rent to own quality townhomes with special financing from our lenders.
How Much Down Payment Do I Need?
We are very flexible with down payment. We can offer you many options, and we will always do our best to work with whatever funds you have available. You can even start out on a rent to own, or lease option, and then move to our special financing at a later date when you have the additional money.
Do You Offer Down Payment Assistance Programs?
Yes we do. A lot of times if you are a bit short on down payment we can set up a monthly payment plan spread out over 6-12 months.
What Other Methods Of Down Payment Are Accepted?
Unlike most lending institutions, we accept borrowed funds for closing. If you have a close friend or relative willing to lend you money for your down payment you can use that in our program. You may also be eligible to withdraw or borrow from your 401K to purchase a home without penalties.
How Does Your Rent to Own , Lease Purchase, and Lease Option Programs Work?
We can lease you the home with the exclusive right to purchase it at a later date. Our buyers love our programs because it gives them time to save up for a larger down payment; time to clean up past credit problems, time to sell another home, and also time to try out the neighborhood before buying. We are obligated to sell to you, however you are not obligated to buy. 100% of your option fee is credited towards the purchase price of the home, plus you may be eligible to receive a credit of the monthly payment towards the purchase price every month you pay your lease on time.
What Is The Interest Rate On Your Owner Financing?
We are flexible with our terms to meet your needs. Typical interest rates range from 6.5% to 9.5% depending on down payment and application and market interest rates. Applications are necessary to verify income and employment.
LUXURY BRAND NEW TOWNHOMES FOR SALE
Mon. to Sat 11 a.m. to 6 p.m.,
Sun. Noon to 5 p.m.
309 Metropolitan Drive . Plano, Texas 75023 . (972)517-1100
STOP BY AND VISIT TODAY!
75 to Legacy, then West on Legacy to Chase Oaks. Turn South and follow signs to the sales office.
Copyright © 2004-2007, Mockingbird Properties All Rights Reserved.
A Mockingbird Group of Companies Property
Web Design by Digiworks India
|
Download Free Brochure Fill the form below to get a free colored e brochure in your email that will give you access to all the information about Chase Oak TownHomes.
|
|
Now Available.. Lease with Option to Purchase! Sales Office: |