If you have a minimum verifiable annual household income of $50,000 but do not currently qualify for financing and would like to lease a home that you would eventually like to purchase this program is a good fit for you.
CENTURY 21 North Homes has a network of investors that provide responsible households a transparent new path to home ownership through a Lease with a Right to Purchase Program. The program provides five years of rent certainty with an initial financial commitment of just a year term. Our partners invest in real estate and approve homes for the program based on expected appreciation. If you qualify for the program, you can choose a home in your price range from all "homes for sale" in one of the eligible communities. They buy the house, then lease it to you. You have the right to purchase the house when you are ready and able, and at a price that is pre-established at the outset and increases by a maximum of 5% per year. Your monthly rent increases 3.75% every year, so you know what your rent payments will be for every year you live in the home.
Click here to request a no cost no obligation consultation with a Realtor to see if this program is a good fit for you.