STEP ONE: APPLY AND GET APPROVED
No more filling out multiple applications for different properties, and paying hundreds of dollars in application fees. This process has been simplified so you only complete 1 application and you are given a maximum budget based on your income. This approval is valid for up to 120 days, and is as good as gold so long as nothing in your income & credit profile change.
STEP TWO: FIND THE PERFECT HOME
No more contacting landlords to try to schedule showings and not getting returned calls! Once your approval is in place, you'll work with one of our Great Way agents to compile a list of homes that are within your budget and meet your criteria. We'll schedule a tour of all of your favorite homes at once and accompany you during the showing process to pick the perfect home for you.
STEP THREE: THE INVESTOR PURCHASES THE
HOME FOR YOU
It's sort of like having a rich uncle. No, it's not too good to be true either. The investor purchases the home on your behalf, subject to the terms of your agreement with them. Depending on which program you choose (12mo Lease, Rent2Own, Contract for Deed), you'll have the opportunity to review all of the terms upfront including your monthly rent payment, which is ultimately based on the program you choose, and the length of the agreement.
STEP FOUR: PROPERTY IS INSPECTED TO ENSURE
SAFETY AND QUALITY
Prior to closing on the property, the investor will have a thorough inspection to be sure there are no safety or quality issues. If the property passes inspection, they close on it and spend 2 weeks making any necessary repairs or requested updates so it's ready for you on your move in date!
STEP FIVE: VIDEO FAQ
Basic Requirements to Qualify
- Annual household income of $45,000+
- Minimum Credit Score 580
- Rental rates starting at $1,300 per month
- Stable employment
- No history of eviction or other landlord issues
- No pending bankruptcy
- No disqualifying criminal history