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Rent To Own

120

4 Bedroom 2.5 Bathroom Townhouse
Gracecroft Subdivision

WOW!!  1,950 Square Feet Of Living Space!!!  New Carpet!!! New Paint!!! Central A/C!!!

Top Floor:
3 Bedrooms and 1 Full Bathroom. Master Bedroom Has 2 Walk-In Closets

Main Floor: Living Room, Eat-In Kitchen, 1 Half Bathroom, Deck off of the Living Room

Basement: 1 Bedroom, 1 Full Bathroom, Living Room with Gas Fireplace and California Tile Floor With A Walk Out To The Back Yard, Storage Area, Washer/Dryer Hook-Up

Back Yard:
Fenced in with Storage Shed. Backs Up To The Woods

Included in Rent: Weekly trash pick-up

Resident Responsibilities: Electricity, Water, Sewer, Cable, All Repairs

School District:
Meadowvale Elementary, Havre De Grace Middle, Havre De Grace High

Live Tour Coming Soon

 

Rent To Own Terms and Conditions:

Benefits of Rent To Own:

  • Easy way to own a home
  • Payment History- We report to the bank that you are able to pay
  • Each payment lowers the purchase price
  • When the term is over, buy with a refinance
  • Move in faster than applying for a loan 
  • Gives you time to build your credit while earning equity in your home

Rent to own is a great way to purchase a home.  It gives you the ability to build a payment history and move into a house much easier than qualifying for a new mortgage.  During the term, a portion of the monthly payment is credited towards the purchase price of the home.  To a bank, this may qualify you as having equity in the home.  When the term is over and it is time for you to purchase the property, the banks may allow you to refinance the property. 

The way it works when you do a Rent to Own with us is as follows:

You put down a $5,000.00 deposit (this may be negotiable), your payment per month is $1,500.00 and you will earn a fixed credit of $75.00 per month that will go towards the principle.  The length of the term varies per each individual situation.  The price that you will pay after the term is $235,000.00. 

The numbers:
 $235,000.00 purchase price
-$    5,000.00 initial deposit
-$        900.00 monthly credit after living there for 12 months
 $229,100.00 final loan amount

Your Responsibilities:

  • Paying all utilities
  • All repairs
  • Paying the monthly payment on time to receive monthly credit
  • Making the effort to build or rebuild your credit to qualify for a bank loan-Our Bank Is Willing To Help With Any Credit Issues You May Have.

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Contact Us @ 410-838-0355.

 

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