902 E Irvington Street, South Bend IN 46614

902 E Irvington Ave

House - South Bend IN

Sale Price: $51,900.00 Terms: Lease-Option (Rent to Own) – $750 to $2000 down and $695.00 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 $750 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 either this year or 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 $695.00 monthly payment ($347.50) 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 $695 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, $1000, $750, 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 now or next year.  Ask the person showing you this home for details or call 674-0828 for information. 
 
Also, Land Contract financing available with $7500 down and monthly payments of approximately $585.00 per month including taxes and insurance.  This is available for qualified buyers only.