Rent to own is really not a good idea, therefore consider fixing whatever is preventing you from purchasing outright. Rent to own can be risky and one could stand to lose a bit of money, it favors the owner; therefore inform yourself well in advance of your search, and consider consulting with an attorney who specializes in real estate before considering the idea and or before signing any agreement. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright, or simply continue renting until a purchase can be made.... more
Thanks for your service to our country from one Veteran to another. Thanks for your post & congratulations on your decisions to purchase a home. The first part of home buying is getting APPROVED by a Lender who has done their due diligence as to your ability to repay the loan and not cause you financial harm. We here at The Federal Savings Bank would like to introduce you to our H.E.LP.P Home Loan Purchase Program where we underwrite and approve your credit income and assets without a specific property. We will then issue a letter of commitment to lend based on the selected property meeting the underwriting guidelines. This letter lets sellers and Agents know you are serious qualified buyer and they will be more enthusiastic to work with you.
We are the Nation only veteran-owned, federally chartered bank with a focus on educating customers about the mortgage process and providing opportunity for home-ownership. Meet the Veterans from our CEO to every other Mortgage Banker at our website chances you may have served with one of us. We have complete control of the entire Lending process with the ability to lend in all states. We specialized in VA, USDA direct, Jumbo, Non-Warrantable Condo, Asset Based Lending, Foreign National, Construction Lending and conforming bridge Loan.
My Office hours are from 08:00 AM-07:00PM Mon-Fri & Sat 10:00 AM – 06:00 PM CST at 512-717-0403 or after hours at 469-347-3572 Cell. I am looking forward to hearing from you.
Lowell E. Sterling
The Federal Savings Bank... more