809 S Middleboro Ave, Mishawaka IN 46544

809 S Middleboro Ave

House Sold - Mishawaka IN

Sale Price: $51,900.00 Terms: Lease/Option (Rent to Own) – $1000 to $2000 down and $675.00 per month (includes taxes & insurance).  Down payment assistance programs are available if you do not have the full $2000 down payment at this time.  You may put a minimum of $1000 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 next 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 $675.00 monthly payment ($337.50) 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 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.  
To Purchase This Home: If inquiring about Lease/Option, the following programs are available:  Lease to Own with $2000 down and monthly payments of $675 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 $2000.  You may qualify to put down less ($1500, $1250, $1000, etc.) up front and make small payments on the balance of the down payment each month until the $2000 down required is met or you may use your tax refund that may be available next year.  For details call 574-674-0828 for more information.