Most people in the market for a lease option home are doing so because they need a little time to fix their credit. Financing with a mortgage company is either not possible, or the rates and terms are not favorable. Sellers with rent to own or owner financed homes understand your situation and your requirements. That is why they are marketing their homes as available for rent to own or offering owner financing. Rent to own landlords or owners offering owner financing will look at your credit. They do not expect you to have good credit though. They are looking to see how long it would take for you to have a good enough credit score to obtain financing. If your score is currently 510, and you want to get 100% financing, then obviously you have quite a distance to go and it is better to negotiate a two or three year lease rather than a one year lease. A lease option gives you the time you need to turn around your credit score, save for a larger down payment and to grow equity in the property. This makes it a very profitable investment for the tenant.

At Pecunia Investments we will work to help you get your credit score back to a level that the banks will then approve you for a mortgage. Even if you declared bankruptcy, our 3 year lease option program can be your vehicle to owning your home today!