736 E 4th Street, Mishawaka IN 46544

736 E 4th Street

House - Mishawaka IN

Sale Price: $85,000.00 Terms: Lease-Option (Rent to Own) – $2000 to $4000 down and $825.00 per month (includes taxes & insurance).  Down payment assistance programs are available if you do not have the full $4000 down payment at this time.  You may put a minimum of $2000 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 $825.00 monthly payment ($412.50) 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 this home.  You may take as long as you need to get in position to qualify for a standard mortgage or FHA mortgage.  There are no deadlines or balloon payments due after 1, 2, or 3 years like most rent to own programs available in this area. 
 
If inquiring about Lease/Option, the following programs are available:  Lease to Own with $4000 down and monthly payments of $825 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 $4000.  You may qualify to put down less ($3000, $2500, $2000) up front and make small payments on the balance of the down payment each month until the $4000 down required is met or you may use your tax refund that may be available soon.  Ask the person showing you this home for details, email sdk@sdkfinancial.com or call 574-674-0828 for more information.