Understanding creative financing options that make homeownership accessible without traditional bank loans.
Wrap Mortgage
A creative way to buy a home without traditional bank financing. The seller keeps their existing mortgage in place. You agree to purchase the property and make payments to the seller. You become the legal owner of the property, benefiting from appreciation and equity growth.
Key Benefits: No need for bank approval or perfect credit. Faster closings. Build equity while enjoying homeownership.
Rent-To-Own (Lease Option)
Perfect for buyers who want to move in now and buy later. Sign a lease to rent the property. Pay an option fee for the right to purchase at a locked-in price. If you choose to buy, the option fee can be applied toward the purchase price.
Key Benefits: Move in immediately. Lock in purchase price today. Time to improve credit or save for a down payment.