59309 Edna Rd, Mishawaka IN 46544

59309 Edna Rd Mishawaka, IN 46544 - Lease/Purchase (Rent to Own), Low Down, 3 bedroom 2 bath home with two -2 car garages on 1 acre, Easy Qualifying and Down Payment Assistance available

House Sold - Mishawaka IN

Sale Price: $209,900.00 Terms: Lease/Purchase (Rent to Own) – $10,000 to $15,000 down and only $1495.00 per month (includes taxes & insurance).  Build strong equity with our program, plus have built-in equity from the start. Similar nearby homes in mint condition are for sale or have recently sold for $245,000 to $293,000. This home is in need of cosmetic updating through out the interior, but this is a one of a kind property…located in PHM in the county, with 2 – two car garages on 1 acre. 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 $15,000 down payment at this time. You may put a minimum of $10,000 down and pay the balance of the down payment off at $150 per month, and/or pay it off with your tax refund in the next few weeks. 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…$350.00 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 $150 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: great location for this 1-story ranch style home located in a quiet neighborhood south of Mishawaka in Penn Harris Madision in the county with a nice 1 acre corner lot. This is a 3 BR home 2 bath home with two detached 2-car garages both with automatic openers. The home has two fireplaces and a wood burning stove, a kitchen with a stove and refrigerator, vinyl siding on the exterior, the roof is 2 years old with 25 year shingles, vinyl replacement windows, ceiling fans, main floor laundry room, gas heat and a gas hot water heater, central air conditioning, a fenced rear yard.  This unique property is priced well under potential market value and needs work on the inside to update the home and maximize it’s value potential.

To Purchase This Home: If inquiring about Lease/Purchase (Rent to Own), the following programs are available:  Lease to Own with $15,000 down and monthly payments of $1495 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 $15.000.  You may qualify to put down less ($10,000, $11,000, $12.000, etc.) up front and make small payments on the balance of the down payment each month until the $15,000 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 $40,000 down and monthly payments of approximately $1245.00 per month, including taxes and insurance.  This is available for qualified buyers with a 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.