Unique By Design Realty, LLC is an independently owned and operated, licensed TN real estate brokerage. Owned and operated real estate agents in Nashville tn. We are a team of Realtors and a Broker who will take care of your home purchase and selling needs. Our Realtors have high integrity and will do whatever is necessary to provide you with the best home buying experience. We do not provide mortgages or financing of any sort. We, however, from time to time facilitate and assist clients with getting approvals through the lease purchase programs we market.

To qualify, you need a minimum credit score of 620 (Transunion FICO 8) to be eligible for the Rent To Own Program. If you are unsure or believe your Transunion Fico is below 620 you should check your credit score on www.experian.com

Steps

Go to www.experian.com

Choose the free trail option to review all 3 credit bureaus

Review the Transunion Score only. Must be 580 and above to qualify for Rent To Own.

*Note: If it is below you can enroll in credit repair consultations for a one time fee.

There is no cost per se to join the The Rent To Own Homes Program. The application fee is $75 per household. The Program is specifically designed to help you qualify for a mortgage down the line. Or just rent the home with no penalties if you do not purchase it.

To appy is simple. Once you click on the Rent To Own Program page and answer the simple qualification questions the link to apply will be sent to your email.

Collections accounts are okay. The main factor in the equation to qualify for the Rent To Own Program.

-620 Transunion Fico Score

-$40,000 a year minimum hosehold income

-No evictions in the last 3 years. Account must be settled.

Do not be discouraged to ask questions in client portal.

The deposit requirement is 2X the rent payment.

For example, The selected and contracted home purchase price is $375,000, and the rent payment is $1900. The deposit due is $3800.

The Rent To Own Program plan differs in a few different ways, but are similiar in some.

The most noticable way this particular plan differs is credit score requirements. Under the Rent To Own Homes program you can get into the home you would like to purchase with a credit score as low as 620. This gives you up to 5 years to purchase the home using a FHA or Conventional loan.

Whereas the traditional route with an FHA or Conventional loan, you need a near perfect credit file. Though some of the underlying standards are the same for the program and regular course. The Rent To Own Program gives renters a second chance to correct the credit flaws while living in the home you want to buy.

If you would like to apply for a mortgage we have a preferred loan officer. We can refer you to a loan officer.

For Rent To Own Program and Mortgage Financing. The time frame varies, but 30 - 40 days after finding home and moving in on average.

The best about the Rent To Own Program is that you get to choose most homes on the MLS/ Market for sale that are within your budget of up to $550,000. You can search our website for any property within this range, and once approved for the program, you will work with one of our real estate agents to view the properties for sale and make offers.

We have highly knowledgeable and great real estate agents on our team who will reach out immediately upon approval to start your home search.