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 Broadway East neighborhood of Baltimore City!
Rent to Own Home in Baltimore City Maryland
Rent to Own Terms:
- Option Price: $229,000
- Option Fee Required: $5,000 to 5% ($11,450). This fee is flexible depending on applicant.
- 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 wants to buy a house. However, if you would like to RENT ONLY, the monthly rent is $1,500/Month. 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.
Challenged Credit is Okay. When banks say no, we say yes. Get another chance at home ownership.
Stop looking because you’ve found the perfect home! Vacants in the area are being developed over the next 6-12 months. Get in the area at this price while you still can. This remarkable home was recently renovated and is built to last. A must see with careful attention to detail including modern recessed lighting, chair rail, crown and panel molding. There are spacious rooms throughout and an open flow concept. The home is cable/internet ready and has an often requested powder room on the main level. The exquisite eat in kitchen features gorgeous granite countertops and stainless steel appliances including a gas range oven with over the range microwave. Master suite allows for privacy and convenience. Second and third bedrooms may be setup a variety of ways. Use for guests, a den, library, office, etc. The full finished basement leaves ample space for entertainment, storage or a home fitness center. Use your imagination! Cook out and let the adults, little ones, or pets play freely in the fenced in back yard. The home has all brand new systems including heating and central air, a 40 gallon hot water tank, and washer and dryer. New electric and plumbing. The sewer line was replaced and dual flush toilets were installed for efficiency and water conservation. Exterior updates include durable concrete siding, a brand new rubber roof, vinyl windows, and wood fencing. Check out plans for the area which include a new park and open/green space. Visit the Baltimore Pumphouse and Food Hub.
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!
Challenged 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
- 2.5 baths
- Living Room
- Stove/Range/Dishwasher/Garbage Disposal
- Central heating and air conditioning
- Spacious Fenced In Backyard
- Tile, and Hardwood Flooring
- Finished Basement
- Downtown Baltimore
- Shopping stores and schools
- Greenmount Recreation Center, Union Park (historical) and Charles Village-Abell Historic District
- Bus/Light Rail Lines
This Home Won’t Last Long! Move in today! 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