ALTERNATIVE PATHS TO HOMEOWNERSHIP
HOMEOWNERSHIP DOESN'T
ALWAYS LOOK TRADITIONAL.
Traditional financing isn't the only path to buying a home. We can help you explore creative financing options and third-party programs that may provide another way forward based on your situation.
WHAT IS CREATIVE FINANCING?
Creative financing refers to alternative ways of purchasing a home outside of a traditional mortgage. Depending on the situation, this may include options such as a third-party lease-to-purchase program, lease with an option to purchase, owner finance program, or other alternative financing structures.
Every situation is different. Our role is to help you understand the options that may be available, explore which path could make sense for your situation, and guide you through the real estate process from start to finish.
OPTIONS YOU MAY EXPLORE
THIRD-PARTY LEASE TO PURCHASE PROGRAM
A third-party program purchases the home you choose, allowing you to move into the home and work toward purchasing it from day one. Purchase terms are typically structured over a 15 or 25 year term.
LEASE WITH AN OPTION TO PURCHASE
Lease a home with the option to purchase it directly from the property owner. Terms, timelines, and purchase requirements vary depending on the landlord and specific agreement.
OWNER FINANCE PROGRAM
Purchase a home through an alternative financing arrangement rather than a traditional mortgage. Terms and requirements vary depending on the program or seller and specific agreement.
CREATIVE FINANCING MAY
BE WORTH EXPLORING IF...
01.
TRADITIONAL FINANCING ISN'T THE RIGHT FIT FOR YOUR SITUATION
03.
YOU'VE HAD CREDIT CHALLENGES OR YOU HAVE PAST SETBACKS
05.
YOU WANT TO UNDERSTAND WHAT ALTERNATIVE OPTIONS MAY BE AVAILABLE
02.
YOU'RE SELF EMPLOYED OR HAVE NONTRADITIONAL INCOME
04.
YOU HAVE FUNDS AVAILABLE FOR AN OPTION FEE OR DOWN PAYMENT
06.
YOU'RE REBUILDING YOUR CREDIT BUT DON'T WANT TO PUT YOUR HOMEOWNERSHIP GOALS ON HOLD