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Rent To Own A House In Griswold Rd

Posted By:
harvey de la victoria
Posting ID:
W Griswold Rd Phoenix, Az 8505
 rent   own   house   arizona 
Listing Type:Single Family For Sale
Lot Size:7749
Year Built:1966
W Griswold Rd
Phoenix, AZ 85051

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Flooring: Carpet, Tile
Level: Single Level
Construction: Block
Fencing: Block
Cooling: Refrigeration
Heating: Gas Heat
Roofing: Built-Up
Taxes: $1,347/2009
HOA: None
Pool: 1 Pool Private
Parking: 2 Car Carport
Master Bathroom: ¾ Bath Master Bedroom
Utilities: SRP, SW-Gas; Water-City of Phoenix, Sewer-Public
Kitchen Features: Kitchen Appliances
Exterior Features: Covered Patio
Elementary School: Washington Elementary District; Manzanita
Jr. High School: Palo Verde
High School: Glendale Union High School District; Cortez

More About our Program

Our Rent to Own is different than any other rent to own seller you may encounter. Because we've turned selling rent to own homes into our main line of business we developed some proven strategies to help you repair your credit and obtain financing.

To get qualified on our program please contact Sarah Morrissette with Arizona Wholesale Mortgage Inc

How does our “Credit Repair - Lease Option - Home Purchase” Program work?

What we do is we help clients that can’t qualify right now to “Own a Home”, but who are highly motivated to become homeowners, achieve their goals by guiding them in the right direction. To explain it, the simple answer is we work with clients who have a little bit of blemished credit, we prequalify them, once approved we move the client into a short term lease-option house, then when the client is living in that property, our preferred credit repair company will help the client with repairing their credit. Once your credit is ready - our preferred mortgage company will help you with getting the financing on the property. So, basically you can move into the home you want to purchase right away, and obtain the financing after!

The first step is to get prequalified, once you are approved, you pick which property you like, you can move in right away for no money down, and when you are living in that property the credit repair is moving forward and once your credit is ready we help you purchase that same house.

HOW DO YOU START??? The first step is to get prequalified; this takes about 5 minutes over the phone with me.

What we look for to approve you for the “Lease Option” program, how do you know if you will qualify? When we go through the pre-approval, we are basically setting you up for financing – so we ask all of the general questions as if you were to apply for a mortgage, BUT BETTER – because we will help you fix all of the things that are stopping you from buying now.

Here are the 2 areas that we look for to pre-approve you for our Program:

1.) You’re Application:

Employment – We check to make sure you have stable and secure employment history for the past 1-2 years •

Income and Debt– We check to make sure that you make enough income to purchase one of our agents homes (typically $2500 a month)

2.) Your Credit Report: There is NO credit score required to be approved! In fact – WE DON’T CARE what your credit score is! We know that when you join the credit repair program, your credit scores will increase to where they need to be and the negative reporting will be removed. We pull your credit report because we want to see what is one there, good and bad. That way we can determine how long we think you will need for our credit repair services, 1 month, 2 months etc. Remember, the Lease option program is designed to turn you into a homeowner with the help of our credit repair and guidance in about 6 months or less. We are also looking at the credit report because we are checking to see what is reporting both positive and negative items. For the Negatives items we look closing at when it reported, what the balance is, who the collection or creditor is that way we can help gauge the success of the credit repair.

Credit Items that we CANT work with to approve you for the “Lease Option” Program:

Auto Repossessions: (must be at least 3 years or older and/or with zero or minimal balance, or payments arrangements are made)

Foreclosure/Short Sale: (financing can be obtained 3 years after the recorded date of the foreclosure/short sale)

Bankruptcy (Chapter 7 BK’s must be discharged for 2 years / Chapter 13’s must be in place at least 1 year with good payment performance)

Judgments or Tax Liens: (Must be paid off or settled prior to financing - if not removed with credit repair)

Apartment or Rental Collections (must be at least 2 years or older and/or with zero or minimal balance, or payments arrangements are made)

Any Education Loans in Collections (With an education loan in collections we must establish a good payment history before we can do the financing)

Child Support Collections (If it’s a collection or judgment – you must have iron-clad proof of payments being made in accordance with the agreement/payment arrangements)

Recent Late Payments either on your current auto loan(s) or credit cards (no late payments in the last 6 months)

What if you are legally married but applying by yourself? (Credit reports are required for non-borrowing spouses in community property states only. All debts for the non-borrowing spouse must be used when calculating the borrower’s debt ratios)

There are ALWAYS exceptions to the rules - Any other negative credit history will be evaluated

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