52269 Prescott Ave, South Bend IN 46637

52269 Prescott - Nice Clay Home available on our Lease with Option to Buy (Rent to Own) program with a great rent credit program to help you become a homeowner

House - South Bend IN

Sale Price: $62,900.00 Terms: Lease-Option (Rent to Own) – $1500 to $3000 down and $795.00 per month (includes taxes & insurance).  Down payment assistance programs are available if you do not have the full $3000 down payment at this time.  You may put a minimum of $1500 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 that may be arriving soon. 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 $795.00 monthly payment ($397.50) 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 a 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.  

Home Information: A very nice home located in a very nice, quiet neighborhood in South Bend’s Clay area. The home has 2 bedrooms, 1 bathroom, detached storage shed, aluminum siding, a deck off the back, a good-sized yard, a nice kitchen with stove and refrigerator, a nice living room with new carpet, a newer gas furnace, a new hot water heater, new windows, a good roof, and a main floor laundry. This home is in very good condition and has recently undergone cosmetic remodeling with new paint, new carpet, new flooring and a new tub and surround in the bathroom, and kitchen remodeling. The home is located in a great neighborhood, ready to move into, and is close to schools, shopping, and parks.

If inquiring about the Lease/Option, the following programs are available:  Lease to Own with $3000 down and monthly payments of $795 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 $3000.  You may qualify to put down less ($2000, $1750, $1500, etc.) up front and make small payments on the balance of the down payment each month until the $3000 down required is met or you may use your tax refund that may be available next year.  Call 574-674-0828 Ext 702 or contact us through this website for more information.