FAQ

What if I have a bankruptcy or a foreclosure, can I still buy a house through your program?
Yes, we work with buyers that have all types of credit issues. If your situation is more unique then feel free to fill out an application and one of our representatives will discuss your situation with you privately.

Where are your houses located?
Our houses are mostly located in the Chicago area and the south suburbs. We also have property in northwest Indiana. If you are looking for property outside of our normal zones we will sometimes buy property in a different area for a specific buyer.

Can you buy a house that I know is for sale and sale it to me?
In some cases yes, but there are a lot of factors that will decide this. Such as if the seller will sell at our price and if we can agree on terms. Fill out an application and discuss the property with one of our representatives.

How long will I have before I must get new financing?
Our minimum time is 2 years to get new financing, but in some cases we can give you anywhere from 5 to 30 years of financing. In either case you will build equity during this time with your on-time monthly payments.

Is this rent-to-own?
We consider our program enhanced rent-to-own because we offer so much more than the average landlord offering a rent-to-own property. We report to your credit, we offer longer term financing, and we allow  you to accumulate equity while in the house. The largest difference is that you are able to sell your house and keep the profit. No other programs can offer that.

Will I actually own the house?
You will not have a title to the property but you will get most of the advantages of home ownership. The  only disadvantage is that you will not be able to get a 2nd mortgage on the house or put any liens on the house until you refinance or pay-off our financing.

What if I dont have any down payment money?
In order for us to get you into a house you must put some down payment money together. We prefer you not to borrow down payment funds but we require down payment money to show your commitment to buying the house and not just renting it.

I got approved but for a lower amount than what I believe I can pay, why is that?
We try to put you into a payment that you can comfortably afford. Don’t worry if your payment is lower than what you believe you can pay because we will still try and find you a property in our database that meets your criteria and is within your price range.

If I am late on payments will it report on my credit?
Yes, payments whether late or on time will report to your credit. That is why we only allow you to be late two times within a 1 year period. At the 3rd late within a year you will face automatic financing termination because you are doing more harm to yourself than good.

What if you don’t have a house that I like?
We have a lot of houses but if we don’t have something you like then we will try and find a property that meets your criteria.

What happens if I want to get out or sell the house later?
You can sell your house to another party just like with regular financing. In fact lets say you owe us 100,000 on the house and you find a buyer and sell the property for 130,000. Then you get to keep the $30,000 profit. No other program offers you this.

Who makes repairs on the property?
As the owner you will be responsible for repairs on the house. We also offer a third party home warranty on all of our houses. If any major systems break then a home warranty will either repair the problem or replace it for a nominal fee, usually $50. This warranty includes furnace, roof, electrical, and plumbing. Its a great way to protect against unexpected repairs.

Can I use the $8,000 home buying credit when buying a house with your program?
You can only use this credit when you refinance the property. In other words the property must be put into your name and the financing must be in your name.

How much does it cost to apply?
No cost to apply. You don’t pay us anything until we show you a house and you are ready to make it your home.

Why does it take you longer to find me a house?
In some cases it may take us longer to find you a house. Usually the more specific you are about the house you want the longer it may take. For example, if you are looking for a 3 bedroom 2 bath house in one specific area that is only brick and has a 2 car detached garage then you may take a little longer because their are only a small # of properties that will fit these exact requirements.

Will my payment change during the life of the financing?
Your payment to us is fixed but your payment can change based on the taxes and insurance on the house. if they go up or down that will affect your payment.  This is the same regardless of if you buy a house through our program or not.

Here are a couple of past properties we have sold!!