110 Warren St

Acerca 110 Warren St

Property Id: 1663329 Are you tired of renting and want to own a home, but don't quite qualify for a traditional mortgage? We have the solution! This 3bed/1bath home has been recently remodeled and we are offering it rent-to-own with a portion of your rent going towards the down payment on a future purchase. Minimum income requirement of $5,250/mo. Credit doesn't matter! Here's how it works... -The tenant pays an upfront option fee ($3,675) to secure the right to buy the property at a set price within a specific timeframe during the lease period. -The tenant pays a higher monthly rent than standard ($1,750/mo), a portion of which ($100/mo) goes toward the down payment. -The lease term is usually two to three years. -The purchase price is agreed upon at lease signing ($245,000 for a 2yr lease option OR $255,000 for a 3yr option). -The tenant is responsible for routine maintenance and repairs. -At the end of the lease, the tenant can choose to buy the property at the agreed-upon price or extend. Frequently Asked Questions: Q: How much is the option fee? A: $3,675, which represents 1.5% of the purchase price. Q: How much is the rent? A: $1,750/mo, $100 of which goes towards down payment. Q: What is the lease term? A: 2 or 3yrs depending on how soon you want to purchase Q: What is the future purchase price? A: $245,000 for a 2yr lease option OR $255,000 for a 3yr option. Q: What if I still can’t buy the house at the end of the lease? A: We have the option to either a) extend the lease option if you are still interested in buying the home or b) terminate the lease. Q: Is there a credit requirement? A: No, but we no evictions or foreclosures in the past 7yrs. Q: Is there an income requirement? A: Yes, it is $5,250/mo. Q: Are Pets Allowed? A: Yes, we allow up to two pets under 30lbs each. Applicant’s must provide shot records dated in the past year, including the pet’s breed and weight.

110 Warren St se encuentra en el código postal 37110 de McMinnville, TN.

Información de contacto de la propiedad

Llámanos: (931) 414-5671

Fees and Policies

Características y Facilidades

Mapa

• Compras
• Médicos

Mapa

Explore Nearby

Compras

Médicos

Preguntas Frecuentes sobre 110 Warren St