A Lease Purchase is a contract that allows you to rent a home now and buy it later, when the improvments you've made and the passing of time has increased the value. Depending on your situation and the home you select, you could have from one year to twenty-four months to purchase the house.
We'll support you every step of the way. From helping you choose the home that best fits your needs and budget, to introducing you to mortgage brokers that have low down payment loans for financing people who are repairing their credit.
Your side of the bargain is simple. You pay an affordable up front fee, called an option fee, which we apply toward the down payment when you buy. You pay monthly rent and like any homeowner in training you get to practice homeownership by living in your new home and taking care of the repairs and maintenance. If you decide not to buy you forfeit your option fee, but have no further obligation as long as you've paid all rent on time and in full up until the day you move.
Many of our former tenants just like you are now proud owners of their own homes, thanks to the Metro Lease Purchase program. If you're tired of renting and ready to live the American dream of homeownership, you need to Lease Option today. You could be the proud owner of a new home, sooner than you think.