741 S. 24th Street, South Bend IN 46615

741 S. 24th Street

House Sold - South Bend IN

Sold Sale Price: $68,000.00
Terms: Lease/Option (Rent to Own) – $1250 to $2500 down and $700.00 per month (includes taxes & insurance).  Down payment assistance programs are available if you do not have the full $2500 down payment at this time.  You may put a minimum of $1250 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 $700.00 ($350.00) 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 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.