Rent To Own

With Faith Real Estate Solutions

Scott Allen Homes specializes in a unique rent-to-own program, actively acquiring properties throughout Colorado. Scott Allen Homes offers an opportunity for individuals who don't qualify for traditional home loans to still achieve homeownership.

how the program works

  • If you do not qualify for a traditional home loan at this time due to credit issues.
  • You have a 5% deposit vs a 20% down payment
  • You will work with our preferred mortgage lender to see what you qualify for.
  • The lender will advise FRES what you will qualify for at the end of the 3-year program.
  • Fill out a pre-qualification application.
  • Background check Authorization
  • Proof of funds for deposit.
  • Meet with our preferred lender.
  • Meet with one of our preferred Realtors – (shop for your new home)
  • You agree to work with the preferred Mortgage Lender for the 3 years of the program
  • Checking in and getting advice on any large purchases that could jeopardize the purchase of your home.
  • Checking credit every 6 months (soft pull)
  • Your monthly payment of the Lease option will be equal to or slightly greater than your mortgage payment at the end of the 2 or 3-year program when you close on your home.
  • Your 5% deposit will be credited to you at the closing of your home.
  • If you do not close on your home this will be non-refundable.

how to get started

Your journey begins with a conversation with Valerie to assess your eligibility and determine if the program aligns with your needs.

Ideal for those facing hurdles with conventional lending, Scott Allen Homes guides you through the process, ensuring a smooth transition to homeownership. Once a suitable property is identified, Scott Allen Homes works closely with FRES to swiftly secure the property under contract, facilitating a seamless closing process, and enabling you to move into your new home with ease.

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Contact Details

Scott Allen Homes

Phone

(719) 888-7465

Email

[email protected]

Address

4783 FARMINGDALE DR COLORADO SPRINGS CO 80918

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