***************** **RENT TO OWN** or Purhcase Now ***************** $945/mo and $2500 down payment. Sale Price $137,500 Call 4-2-3. -.-. ** --. 44.3 and. -- 9230. Built in 2009 on a 0.69 acre lot in a great subdivision 3 Bedrooms, 2 baths 1266 sqft Heated living space New Stainless Appliances 2 Car Garage Architectural Roof Tile Flooring Within minutes of shopping centers, restaurants, grocery stores, pharmacies, walking tracks, a fitness gym, boat ramps and more. 30 miles to Knoxville 19 miles to Lenoir City 17 miles to McGhee Tyson Airport 13 miles to Maryville 40 miles to Pigeon Forge 10 miles to Wal-Mart You will not be disappointed. No smoking inside. $945/mo and $2500 down payment. Sale Price $137,500 This RENT-TO-OWN program is for those who want to purchase a home, but are currently unable to qualify for a mortgage loan. Many times, the issues that prevent you from qualifying for a mortgage can be corrected within 12 to 16 months. Benefits of this program include: All of the Down Payment (i.e. Earnest Money) is applied to the purchase price. Each month, just like a mortgage payment is split into Principle and Interest, a portion of your rent will be applied to the purchase price. So, it is as if you have already started your mortgage payments. Finally, you end up a homeowner with good credit and a 30 year fixed rate mortgage. Minimum requirements: 1) Credit Score: 570 or higher (or 550 if due to lack of credit instead of bad credit) 2) Work History: held the same job (or in same line of work) for at least 1 year 3) Bankruptcy History: not filed bankruptcy within the last 2-1/2 years 4) Foreclosure History: not had a property foreclosed within the last 3-1/2 years 5) Debt-to-Income Ratio: less than 40% including this house payment. *Debt-to-Income Ratio = (All LOAN Payments / GROSS Monthly Income) *Debt-to-Income Ratio does NOT include phone bills, electric bills, etc. Only LOAN payments. Call 4-2-3. -.-. ** --. 44.3 and. -- 9230.
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