Home at last is different than other rent to own companies because we care about your long-term success. We’ve been in business since 2005 and have built our company around trust, transparency, and education. We know buying a home is a big step, which is why we seek to simplify the process so you can be in better place. Both financially and physically.
So here’s everything you need to know . . .
- In our program, your monthly payment includes Principle, Interest, Taxes, Insurance on the property and Home Owner Association dues. Some sellers quote a partial monthly rate that is principal and interest only. Later, you find out that there are additional “hidden costs”. Have your seller itemize what is included in your monthly payment. Banks call it PITI and HOA. Be sure additional charges for taxes and or insurance are not added into your purchase price when you go to close.
- In our program, your option fee is like a deposit in that it is fully applied to the purchase price. Some sellers only give you partial credit for your option fee, which will require you to come up with more cash when you purchase the house. Your deposit or option fee should be applied towards your purchase price 100%, if your seller is not willing to do this, find another seller.
- In our program, your purchase price is not more than the home is really worth. THIS IS THE MOST IMPORTANT FACTOR IN BEING ABLE TO PURCHASE YOUR HOME. Some sellers lure you in with a low monthly payment, but set the overall purchase price well above the market value. In the end, it is unlikely that you will be able to get a loan to close on the overpriced house and the seller will simply take the house back to sell it to someone else. To protect yourself, require your seller to prove to you that what you are paying for the home is a fair price.
- In our program, part of each month’s rent is credited towards your purchase price. That’s what a bank does for you when the financing is through them! It’s your money, you’ve earned it. Now let it earn equity for you.
- In our program, we are flexible and can adjust the terms to fit your needs. We can help you find a payment solution that works for you.
- In our program, we only purchase homes in healthy neighborhoods where values are going up, and crime and foreclosures are low. Other sellers focus on their short term profits and not your long term benefit. Study the other homes in the area where you are looking to buy a house; they influence the value of your home. A lot of run down properties or poorly constructed properties will tend to hold down future appreciation. Same with poor quality school districts and areas with high crime. South and East Springfield enjoy excellent appreciation over time due to its overall quality of residence. This is where the majority of our homes are located.
Ready to find your next house?
Home At Last 