     
Address:
P.O. Box 1815
Dubuque, IA 52004
Phone:
IL 815.747.9194
IA 563.580.2688
TF 888.266.1691
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Creative Financing/Lease to Own
Buying a home has never been easier. Are you tired of renting? Do you
need time to fix your credit? Our “Star Family Program” can help
you move into your dream home today! We have the keys to help those who
have little or no credit or those who need just simply need time to get
established. Give us an opportunity to sell you a home you never dreamed
you could obtain! Belstar Property Investments can get you into a home
through lease purchases, owner financing, and possibly other creative
methods!
Here’s how it works:
You lease the home for one year and purchase an option
on the home. The option gives you the exclusive right to
purchase the home and locks in the purchase price, while
allowing you time (up to 2 years) to clean up any credit
issues you may have necessary to acquire permanent
financing. The option fee is applied toward the purchase
price of the home when you acquire permanent financing.
Meanwhile you simply pay rent while you are in the pre-financing phase. A rent credit can also be applied if you so choose.
Example:
- 555 Main Street, Dubuque, Iowa - Sales price $75,000.00. Option Fee $3,000.00 and a monthly Lease Rate of $650.00.
- The $3,000.00 Option Fee gives you the right to purchase 555 Main Street, Dubuque, Iowa for $75,000.00 within 24 months.
- The $3,000.00 Option Fee is applied back to the purchase price of the property at the time you get your mortgage.
In this example, you would have 24 months to acquire a mortgage on this home.
- If you decide not to purchase the home you would forfeit all of your option considerations. Just like other options.
With the “Star Family Program” lenders view
your loan application as a refinance, as opposed to a new
loan making the loan process much simpler and faster.
We provide documentation of your timely payments to assist in your loan application.
Benefits of Buying a Lease Option Home:
- Minimum Cash Out of Pocket: When you purchase a home conventionally, anyone with less than perfect credit must pay at least 10% down to 20% down, plus closing costs and prepaids. When you buy with a Lease Option home with us, you'll never pay more than 6% down
- Profits from Appreciation: Since the sales price is locked in before closing (as specified in your agreement), any increase in property value will mean that your equity (what you owe minus what it's worth) is increasing in the home. At a minimum Dubuque Real Estate is increasing by at least 4% per year!
- Credit Problems are Okay: Qualification restrictions simply do not exist. We simply look at your ability to buy the within the next 2 years.
- Option Fee is Credited Towards the Purchase of the Home: When you sign a Lease Option Agreement, you will pay us an option fee. This money goes towards the down payment on your home.
- Frequently No Down Payment at Closing: Since you have given us an option fee there will frequently be very little or nothing left to pay for a down payment at closing.
- Quick Move In Time: You can typically take possession of the home in less than one week instead of conventional move in times of one to three months after your offer was accepted.
Click here to talk to us about your financing options.
Call us now for more information!
815-747-9194
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