Georgia Lease Purchase, Rent to Own Homes in Atlanta GA

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Lease Purchase, Rent to Own Homes in Atlanta GA
Buyers for Lease Purchase and Rent to Own Homes have House Buying Options in Atlanta GA. Owner Financing homes and FHA loans are available for most listings if you can afford a reasonable down payment

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Options for Lease Purchase and Rent to Own Home Buyers in Atlanta GA

Many potential home buyers believe their credit isn't high enough to own today so they are often searching for Lease Purchase homes, Rent to Own homes or Owner Financed Homes in Atlanta GA. However, their credit score may not be that far off from qualifying to buy within the next year.

Many South Metro Atlanta potential homes buyers now have more options towards owning a home than they may realize. Sellers are now offering homes for sale with flexible purchase terms that may allow prospective buyers to own a home faster if they find the right source.

Owner Financing is still a great option to buy because buyers can still obtain the First Time Home Buyer Tax Credit with a purchase. The State of Georgia also offers an $1,800 Tax Credit although this is spread out over 3 years tax returns. Owner Finance home buyers can get credit development assistance to refinance into FHA financing over a reasonable period of time. This Tax Credit is only available until the end of November, 2009.

There are still rarely heard of, government backed, FHA financing options available for buyers with credit scores as low as 530. Some restrictions and qualifications still apply, but what these lenders are looking for is a relatively clean past 12 months.

Lease Purchase, Rent to Own and Owner Finance home shoppers in Atlanta may qualify if they:

* Have 3.5% for a Down Payment of the Home's Purchase Price
* Have no new Non-Medical collections over the last 12 months
* Have no 30 day late payments on their current credit accounts
* If there is a Judgment, there must be evidence of a payment plan in effect for 12 months.
* Have had 2 years seasoning since a past Bankruptcy
* Have had 3 years seasoning since a past Foreclosure
* Have had 2 years seasoning since a past Repossession
* Little or no credit can still qualify with On time payments for Non-Credit Accounts
* If no active credit lines are open, you must have only 3 Non-Credit Accounts (Rent, Utilities, Cell Phone, etc.) that have been paid on time for 12 months

If you fit these qualifications, contact us at The Housing Network and we may have some options for you with our local lending partners today that can allow you to own the home of your dreams now. Although Rent to Own, Lease Purchase and Owner Finance are great options to buy, buyers should not be discouraged by what the see or read in the news about how hard it is to get a loan. They may just need some guidance to get them over the hump and find the right source in order to take advantage of today's great buyer opportunities.

If you do not qualify for the FHA financing option or the Tax Credit, the Lease Purchase and Rent to Own programs are the best way to go to move in today and buy later. Applicants are still required to have a reasonable down payment and a commitment towards their credit development in order to get qualified over a period of time.

Apply Online today at www.TheHousingNetwork.net for a Free Consultation if you are planning on moving within the next 12 months. We can help set out a strategy to help your house buying needs.