Should You Really Be Renting? When You Can Lease To Own?
We know that having a place to call your own is a big deal, but the road to owning a home can seem pretty steep, especially if you're an entrepreneur. Or maybe you’re a travel nurse, a truck driver, or doing your own thing as a 1099 individual. Homeownership may not be in the cards for you (yet).
That's where lease-to-own comes in—it's like a cool middle ground between renting and owning, tailor-made for folks like you.
In this blog post, let's dive into why you might want to consider this awesome option and how it can help you make your sweet home dreams come true in Atlanta, Georgia!
Lease-to-Own Explained
So, what's this lease-to-own thing all about? Well, imagine this: you get to rent a place for a set period (kind of like a lease), but you also have the option to buy that place once the lease is up. It's like trying on a home before deciding if you want to keep it forever. This setup can be a total game-changer for you, and here's why:
- It’s Easy On Your Wallet
Let's be real, saving up for a big down payment can feel like an uphill battle. With lease-to-own, you don't need a massive down payment. Just 1% to 3% of the property's value can get you started on the road to homeownership. Way more doable, don't you think?
- Friendly Credit Terms
Worried about your credit score? Don't sweat it! Lease-to-own programs usually look for a FICO score of 550 or above. It's a bit more forgiving than traditional mortgages, giving you a better chance to score your dream home.
- Your Unique Situation Matters
We get it, not all of you reading this post might have a 9 to 5. For those of you working the freelance hustle or gig economy, your income might fluctuate. But to qualify for the typical lease-to-own program, your debt-to-income ratio matters, including your current rent.
- Timely Payments Matter
Paying rent on time isn't just responsible—it could help you become a homeowner! Lease-to-own programs often want to see a solid 12-month history of on-time rent payments. Show them your responsible side, and you may just be accepted into the program.
- Gradual Ownership Feels Good
The idea of jumping straight into homeownership might feel overwhelming. Lease-to-own lets you ease into it. You get to build up equity over time and get used to the idea of owning your own place.
Why Atlanta, Georgia Is Your Spot
If you're eyeing lease-to-own options, Atlanta is where the magic happens. With its awesome neighborhoods, lively vibe, and plenty of job opportunities, it's the perfect place to put down some roots. No matter your style or budget, Atlanta's got something for you.
How to Make It Happen
Before you jump into lease-to-own, in a nutshell, there are a few things to have in your pocket:
✅ FICO of 550 or above
✅ Monthly Income of $3,500 or above
✅ Debt to Income Ratio (including rent) of 50% or below
✅ Timely Rent Payment History of 12 months or above
✅ Down Payment of 1% to 3%
✅ Maximum purchase price of $500,000
This offer is valid for any single family home on the market within a 100 mile radius from the city of Atlanta (new construction included).
Ready to turn the dream into reality? Head over to this link right here to book a call with us so we can see if you qualify. It's your gateway to a new beginning.
The best part? You won't be waiting around forever. The whole process could take just 21 days—from clicking this link to sealing the deal!
So there you have it, future homeowners! Lease-to-own isn't just a way to get a place to live—it's your ticket to owning a slice of Atlanta, Georgia.
Whether you're an entrepreneur, a travel nurse, a truck driver, or your own boss, this path could be the one that makes homeownership a reality for you.
Say goodbye to just renting and hello to making your homeownership dreams come true!
Say goodbye to just renting and hello to making your homeownership dreams come true! Talk to us by scheduling a consultation here.
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