Our Lease Purchase Program has been designed to meet the needs of potential homebuyers who may be faced with credit or other challenges. This program will allow you to take advantage of the home at today’s market price as well as offers you the time needed for you to work on your situation.

To qualify for this program you must:

• Be committed towards increasing your middle credit score to a Minimum of 620*;
  

• Have at least 3 active trade accounts that report to the credit bureau (i.e. car payment, credit cards, retail store accounts and so forth) that you are paying timely;
  

• Have no late payments on any bills within the preceding 12 months;
  

• Make your lease payments on time.
  

Program Guidelines:

• Minimum deposit of 3.5% of sales price. Please note, upon closing of the property your deposit will be applied towards your down payment or closing costs. Should you default on your contract your deposit will be nonrefundable to you.
  

• Your P7R Agent is to be notified immediately if there are any changes in your employment status, income, or if you foresee being late with your lease payment.
  

• It is your responsibility to notify the seller within 5 days of any change that will affect your closing of the property on the specified closing date.
  

• The term of the Lease Purchase Program is designed to last 1-year (12 months). However, we understand that every real estate transaction is unique and shorter or longer time maybe necessary.
  

• Every 90 days we will review your file to see which areas, if any, need to be addressed.
  

*There are several ways in which you can improve your credit score. You can do this yourself, or you can use a credible credit

reconstruction program.

This program is subject to change as the industry is constantly changing. We will advise you of any changes and the effective date

of such changes.