709 Altgeld St, South Bend IN 46614

709 Altgeld St.

House - South Bend IN

Sale Price: $59,900.00 Terms: Lease/Option (Rent to Own) – $1000 to $2500 down and $665.00 per month (includes taxes & insurance). Down payment assistance programs are available if you do not have the full $2500 down payment at this time. You may put a minimum of $1000 down and pay the balance of the down payment off at $50, $75, or $100 per month and/or pay it off with your tax refund. You will also build nice equity in this home with our 50% rent credit toward the purchase of this home in the first year…half of your $665.00 monthly payment ($332.50) is credited toward purchasing this home on our rent to own program. After one year, the monthly rent credit is $150 per month. This is a great way to save for a down payment toward purchasing this home to be used at a later date when applying for a mortgage loan to carry out the purchase of the home and exit out of the rent to own program. You may take as long as you need to get in position to qualify for a standard mortgage or FHA mortgage, no deadlines, no pressure or no balloon payments coming due.
Lease to Own with $2500 down and monthly payments of $665 per month including taxes and insurance. Some down payment assistance programs are available for lease to own/rent to own buyers with decent qualifications but who may be short the standard down payment of $2500. You may qualify to put down less ($1500, $1250, $1000, etc.) up front and make small payments on the balance of the down payment each month until the $2500 down required is met or you may use your tax refund that may be available in the coming months. Ask the person showing you this home for details or call 674-0828 for information.
Also, Land Contract financing available with $7000 down and monthly payments of approximately $595.00 per month including taxes and insurance. This is available for qualified buyers only.