FAQs

Q. How Does LTOAMERICA Lease To Own Work?

A. Our lease to own program gives you the tenant/buyer the right to lease a home for a period of up to 2yrs. It also gives you the right to purchase the home.. The agreement locks in the price of the home and cannot be increased for the entire term of the agreement. As the home increases in value; the equity is technically growing in your name, often giving you instant equity when you finance and buy the home. MORE EQUITY BUILDERS BELOW, KEEP READING!!!

Q. Does any of my monthly lease payment go toward buying the home?

A. Yes It Does! Each and every month, a portion of your monthly payment will be going toward buying the home (straight to principal) in the LTOAMERICA program. This gives you even more rapid equity building power. STILL MORE EQUITY BUILDERS BELOW!!!

Q. Is the monthly payment higher than normal lease or rent payments?

A. Absolutely Not! In the LTOAMERICA program the monthly payments are in direct proportion to the average market rents in the area and often below.

Q. Are there any initial fees to get started in finding a home?

A. No! You pay absolutely nothing up front with LTOAMERICA. We will work with you and show you properties until you find the home you have decided is the one you want to purchase through our program. At that time you will fill out an application. There will be a $50.00 application fee at that time.

Q. Is there an initial investment/down payment to buy the home?

A. Yes. The initial investment will generally be somewhere around 3% of the purchase price of the home. NOTE: 100% of that initial investment goes directly toward the purchase of the home (straight to principal/equity). A few typical examples of an initial investment would be: ($100,000 home = around $3000; $150,000 home = around $4500; $200,000 home = around $6000).

Q. Do I have to choose a home in your inventory?

A. No! LTOAMERICA has numerous ways to work with you on other homes; as long as the contract price is acceptable within the terms of the program.

Q. If I’m self employed, can I buy a home through your program?

A. Yes! As long as you have some proof of income from your business, we can help you.

17. If I have had a Bankruptcy or Foreclosure can you still work with me?

A. Yes. In most all cases we will still be able to get you into a home and back into homeownership through the LTOAMERICA program.

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