You may be closer to homeownership than you think. Even if you have credit challenges, limited savings, self-employed income, or difficulty qualifying for a traditional mortgage, there may be financing options available for your situation.
Before choosing a Lease Option, let MGB Financial Services, Inc. review your complete financial picture. You may qualify for Down Payment Assistance, FHA, VA, Conventional, Bank Statement, No Tax Return, Non-QM or another available loan program.
EXPLORE YOUR LOAN OPTIONSChoose the application option that works best for you, or ask an underwriter to review your situation.
A Lease Option to Buy generally allows you to rent a home for an agreed period while having an option to purchase the property under the terms of your agreement.
For some prospective buyers, this may provide additional time to improve credit, save money, organize income documentation, or work toward mortgage qualification while living in the home.
Don't automatically assume that renting before buying is your only choice. Depending on your circumstances, you may already qualify for mortgage financing or a homebuyer assistance program.
FIND MY LOAN OPTIONSOne Borrower. One Situation. Many Loan Options.
Qualified homebuyers may have access to programs that can assist with eligible down payment and/or closing costs.
FHA financing may provide a low-down-payment option for qualified borrowers.
Eligible veterans, active-duty service members and other eligible borrowers may have access to VA financing, including eligible zero-down-payment options.
Conventional financing may provide several down-payment and financing options for qualified borrowers.
Self-employed borrowers may have financing options that use eligible bank-statement deposits as part of the income evaluation.
Alternative documentation programs may be available for qualified self-employed borrowers, business owners and borrowers with nontraditional income.
If your situation does not fit traditional lending guidelines, Non-QM financing may provide another option.
Real estate investors may have financing options that consider eligible investment-property cash flow rather than relying solely on traditional personal-income qualification.
Financing solutions may be available for higher-priced homes and larger loan amounts.
A credit score or traditional tax-return income does not always tell the complete financial story. Self-employment, previous credit problems, job changes or nontraditional income do not necessarily mean every financing option is unavailable.
If you don't qualify today, understanding what is preventing qualification can help you develop a clearer path toward becoming mortgage-ready.
Let MGB Financial Services, Inc. review your situation and help you understand the financing options that may be available.
START SHORT FORM FULL APPLICATION ASK AN UNDERWRITER / LOAN REVIEW CALL 562-809-2643Important Disclosure: Lease Option to Buy arrangements and mortgage programs are subject to availability, applicable program guidelines, property eligibility and change without notice. A Lease Option does not guarantee future mortgage approval or the ability to purchase a property. Mortgage applicants are subject to applicable credit, income, asset, property, documentation and underwriting requirements. Not all applicants will qualify. Down Payment Assistance and zero-down-payment programs have separate eligibility requirements. Submission of an application does not constitute loan approval or a commitment to lend. Consumers should carefully review the terms of any Lease Option agreement and obtain appropriate legal, tax and financial advice as needed.