740 S. Kenmore Street, South Bend IN 46619

740 S. Kenmore Street

House - South Bend IN

Sale Price: : $39,900.00 Terms: Rent to Own – $500 to $1500 down and $575.00 per month (includes taxes & insurance).  Down payment assistance programs are available if you do not have the full $1500 down payment at this time.  You may qualify to put a minimum of $500 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 next year. 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 $575.00 monthly payment ($287.50) is credited toward purchasing this home on our rent to own program.  After one year, the monthly rent credit is $200 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 refinance 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.
Rental or Section 8 rental is also available with a $595.00 deposit, $595.00 per month rental, and a one year lease.