Low to middle income homebuyers are able to lease a home from a non-profit organization with an option to buy. It's an alternative Fannie Mae financing option.
A financing option for low- and moderate-income home buyers, by which they can lease a home, with an option to buy, from a nonprofit organization. Each month's rent payment consists of principal, interest, taxes and insurance, plus an extra amount that is sent to a savings account in order to accumulate money for a down payment.
Mortgage product that allows low- and moderate-income homebuyers to lease a home from a nonprofit organization with an option to buy. Each month's rent payment consists of principal, interest, taxes, and insurance (PITI) payments on the first mortgage, plus an extra amount earmarked for deposit to a savings account in which money for a down payment will accumulate.
An alternative financing option that allows low- and moderate-income home buyers to lease a home with an option to buy. Each month's rent payment consists of principal, interest, taxes and insurance (PITI) payments on the first mortgage plus an extra amount that accumulates in a savings account for a downpayment.
A transaction type loan offered under the Community Homebuyer's Program wherein a nonprofit organization purchases (and sometimes makes improvements to) homes that it then leases to lower-income families with an option to buy.
A Fannie Mae loan which allows qualified persons to lease a property from a nonprofit organization with an option to purchase the home. Payments are made against the loan principal and interest but with a portion going into a savings account toward the purchase price.
An alternative financing option that allows low- and moderate-income home buyers to lease a home from a nonprofit organization with an option to buy. Monthly rental payments cover mortgage payments, and also include an additional amount which is saved toward a down payment.
A way for homebuyers to lease a home with an option to buy from a nonprofit organization. A portion of each month's rent payment goes toward principal, interest, taxes, insurance and a down payment.
An alternative financing option that allows low and moderate income homebuyers to lease a home from a nonprofit organization with an option to buy, and with each month's rent payments consisting of PITI payments on the first mortgage, plus an extra amount that is earmarked for a savings account in which money for a down payment accumulates.
An option allowing low to moderate income buyers to lease a home from a nonprofit organization with the option to buy.
An alternative Fannie Mae financing option that allows low and moderate-income home buyers to lease a home from nonprofit organization with an option to buy. Each month's rent payments consists of PITI payments on the first mortgage, plus an extra amount that is earmarked for deposit to a savings account in which money for a down payment will accumulate.
A financing option in which lower income home buyers may lease a home with an option to buy. Each monthly lease payment usually consists of the PITI payment associated with the original mortgage, as well as an additional, predetermined amount, to be paid towards a down payment.
A financing option that allows low and moderate income buyers to lease a home with the option to buy. Each month's payment includes principal, interest, taxes, and insurance (PITI) on the first mortgage, plus an additional amount that accrues in a savings account and is used for a down payment.
An alternative financing option that allows low- and moderate-income homebuyers to lease a home with an option to buy, where a portion of each month's rent payment is earmarked for a savings account in which money for a down payment accumulates.
A creative financing option that allows homebuyers to lease a home with an option to buy. Each month's rent payment consists of principal, interest, taxes and insurance, plus an extra amount that is deposited into a savings account created for a down payment.
