Ryan Buckley RealtorÂ®
Turning your Dream into an Address
Coldwell Banker Residential Brokerage
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Lease to own can be legit, but many are expensive. some are scams or extremely expensive. You are probably going to pay 8% interest and the agreed purchase price can be a price that the the investor has inflated for his risk. Be very careful. If your Buyer's agent is not experienced with "contract for deed", get some one that is. Dont use the Seller's agent or if you insist, hire a real estate lawyer to protect you.
You may be a candidate for a USDA loan. 0% down , house must be in a "rural " area.
USDA â€“ Rural Housing Development Financing (0% Down)
The United States Department of Agriculture has for years made ZERO down financing for homes located in rural areas. While this â€œruralâ€ location may not sound appealing at first, the areas depicted on their maps have, in many cases, crept into suburban metropolitan areas. In the Phoenix metro area, Queen Creek, San Tan Valley, Buckeye, Goodyear, Surprise and even Maricopa have addresses that qualify. I and your lender have access to the USDA website to determine if the property youâ€™re considering qualifies for this loan program. With NO MONEY DOWN, a buyer can purchase a home and possibly finance even their closing costs!
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Your Local Expert
Central AZ Real Estate