1625 W Indiana Ave, Elkhart IN 46516

1625 W Indiana Ave, Elkhart, IN 46516

House Sold - Elkhart IN

Sale Price: $74,900.00 Terms: Lease-Option (Rent to Own) – $2500 to $5000 down and $750.00 per month (includes taxes & insurance).  Down payment assistance programs are available if you do not have the full $5000 down payment at this time. You may put a minimum of $2500 down and pay the balance of the down payment off at $75 to $100 per month and/or pay it off with your tax refund this 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 $750.00 monthly payment ($375.00) 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: Very nice 2 story home, remodeled throughout the interior, located on Elkhart’s westside in a nice area. The home has 3 bedrooms, 1.5 baths, a detached garage, basement, aluminum siding, brand new windows, a large living room/family room, a dining room and a nice kitchen with a stove and refrigerator. This home is remodeled throughout with fresh paint throughout the interior, new carpeting and new flooring throughout, a remodeled kitchen and bathroom and brand new vinyl replacement windows. This a must see home that is absolutely a great deal for someone looking to get out of the rent trap and have an opportunity to start purchasing a nice, remodeled home with great terms.

If inquiring about Lease/Option (Rent to own), the following programs are available:  Rent to Own with $5000 down and monthly payments of $750 per month including taxes and insurance.  Down payment assistance programs are available for lease to own buyers with decent qualifications but who may be short the standard down payment of $5000.  You may qualify to put down less ($3500, $3000, $2500, etc.) up front and make small payments on the balance of the down payment each month until the $5000 down required is met or you may do this in combination with using your tax refund that may be available this year.  For details call 574-674-0828 Ext 704 or email us for more information.