324 E 12th St, Mishawaka IN 46544

324 E 12th Mishawaka, IN 46545 - Lease/Purchase (Rent to Own), Low Down, Nice 3 bedroom with garage, Easy Qualifying and Down Payment Assistance available

House - Mishawaka IN

   Sale Price: $164,900.00. Terms: Lease/Purchase (Rent to Own) – $6,500 to $10,000 down and only $1350.00 per month (includes taxes & insurance).  Build strong equity with our program, plus have built-in equity from the start. Many homes are selling for, or have sold for, between $170,000 and $219,000 near this home. Easy qualifying, no banks until or unless you are ready for that step, plus down payment assistance programs are available if you do not have the full $10,000 down payment at this time. You may put a minimum of $ 6,500 down and pay the balance of the down payment at $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 great rent credit program toward the purchase of this home in the first year…$500.00 of your on-time monthly payment is credited toward purchasing this home on our rent-to-own program.  After one year, the monthly rent credit is $200.00 per month.  This is a great way to save for a down payment/build equity toward purchasing this home to be used at a later date when applying for a mortgage loan to complete the purchase of the home and exit the rent-to-own program or refinance out of the owner financing. You may take as long as you need to get in a position to qualify for a standard mortgage or an FHA mortgage.  There are no use-it-or-lose-it 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 in a quiet neighborhood on Mishawaka’s near-north side. This is a 3 BR home with 1 full bathroom, a full basement, a detached 1-car garage with additional parking in the back, an unenclosed front porch, a nice, large living room, a formal dining room, with newer vinyl plank flooring, a nice kitchen with dishwasher, stove and refrigerator, vinyl siding on the exterior, the roof is 8 years old with 25 year shingles, some double pane replacement windows throughout much of the home, gas heat and central air conditioning, gas hot water heater, ceiling fans, a fenced back yard.  This charming yet very affordable home is located in a great area that is conveniently located near schools, parks, and shopping.

To Purchase This Home: If inquiring about Lease/Purchase (Rent to Own), the following programs are available:  Lease to Own with $10,000 down and monthly payments of $1350 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 $10,000.  You may qualify to put down less ($6500, $7500, $8500, etc.) up front and make small payments on the balance of the down payment each month until the $10,000 down payment required is met, and/or you may use your tax refund that may be available next year.  Feel free to contact us for more information.

Also, Owner Financing (Land Contract financing) is available with $25,000 down and monthly payments of approximately $1140.00 per month, including taxes and insurance.  This is available for qualified buyers with the full down payment. You skip the bank qualifying process with our owner financing programs, where we provide the financing and make the process simple and easy.