HERE IS YOUR CHANCE TO GET INTO AN AFFORDABLE RENT TO OWN HOME IN BALTIMORE CITY WITHOUT THE BANK!
Let the Journey to Home Ownership begin at this Rent to Own home in Baltimore Maryland in the Arlington neighborhood of Baltimore City!
Rent to Own Home in Baltimore City Maryland
AVAILABLE FOR MOVE IN FEBRUARY 1, 2021
Rent to Own Terms:
- Option Price: $155,000
- Option Fee Required (non-refundable): 3% ($5,000) to 5%($7,750). This fee is flexible depending on applicant. This fee is non-refundable if you don’t buy the home. If you buy the home it is applied to the purchase price and/or closing costs.
- Rent to Own Monthly Rent: $1,500
- Term: 18 months
- Note: This property is for “Rent to Own”/”Lease Option”. We are looking for someone who plans to buy the house. Gross income should be at least 3-4x the rent. For this property we are seeking a tenant with annual gross income of at least $54,000. No evictions or extensive civil litigation, good rental history, credit score at least 550. Application fee per adult is $50. Option Fee required to move in after application approval.
Bad Credit is Okay. When banks say no, we say yes. Get another chance at home ownership.
This fully renovated 1,248 sqft townhouse in Arlington is very walkable so most errands can be accomplished on foot. Public transportation available near rail and bus lines. Everything has been replaced or updated. This brick townhouse has 3 bedrooms, 1 bathroom, brand new HVAC system, furnace, hot water heater, central air, hardwood floors have been sanded and stained upstairs, new appliances along with granite counter tops in the kitchen. This home has a front sun room, security doors, and a fenced rear yard. It is close to stores, shopping parks, and schools.
This home is a great fit for those who want to own but need some time to repair their credit! You’ll have 1.5+ years to exercise your Option
to buy this home while living in & renting today as credit is being restored! Don’t miss your opportunity to move into this modern renovated Rent to Own Home in Baltimore City Maryland!
Bad credit, low credit, no credit, and self-employed income will all be considered!
100% of your Option Fee goes toward the Option Price and/or Closing Costs of the home! The option to purchase can be exercised at any time during or at the end of the lease period. Tenants are required to pay a $50 application fee & work with credit repair company & mortgage broker for screening of timeline to qualify for mortgage loan.
- 3 bedrooms
- 1 bath
- Living Room
- Stove/Range/Dishwasher/Garbage Disposal
- Central heating and air conditioning
- Fenced In Backyard
- Hardwood Flooring
- Shopping stores and schools
- Lucille Park, Queensbury Playground, Irvin Luckman Memorial Park
- Bus/Light Rail Lines (Subwaylink, Rogers Station, Mondawmin)
This Home Won’t Be Available Long! Please drive by the home to check out neighborhood! Contact to schedule showing!
The great thing about a Rent-to-Own or lease option is that you can move into one of our homes and you are given the time to fix up whatever is preventing you from qualifying now, whether it be credit or income. When you apply with us you will be introduced to our program which prepares tenants to qualify for mortgages. The application fee is $50 per applicant (namely, the person(s) whose income will be considered when applying for a mortgage)
To Submit An Application ASAP:
- Go to apply.prequalteam.com/BCK-LLC
- Complete the full application and submit
- The pre-qualifying company will contact you from a 412 or 724 area code number, so anticipate and answer their call. They will work with you regarding affordability of the home. They will provide you with your customized mortgage preparation action plan. We can make a decision on your application very quickly, typically within 48 hours