How It Works - No I Don't Have a Down Payment

Many people would like to own their home, but do not have a down payment available when they need it. Our No Money Down lease option is perfect for our clients who would like to become homeowners today!

This particular Lease to Own option is based on a minimum two year and maximum five year term. After two years, you may exercise your Option to buy at any time (with 45 days’ written notice). The purchase price is established at the beginning of the lease term and is guaranteed for two years. The guaranteed purchase price is based on the projected value of the home two years from the day you move in.

At Creative Property Solutions, we do not establish the purchase price ourselves; we bring in a third party certified appraiser to determine the true market value of the home. That's right…we let the experts determine the market value for us both!

At the time of signing, you are required to pay the first and last month’s lease payments. The monthly payments are all inclusive: property taxes, structural (building) insurance, condo fees (if applicable), lease payments and Lease Option Credits are included. The Lease Option Credits are credited along with your initial down payment when you exercise your Option to purchase the property. The Option Credit amount varies depending on the property you select and continues for the entire length of your Lease to Own term, as long as you make your payments on time

See an example Lease Option with No Down Payment

   What Happens at the End of the Lease Term?

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