GET YOUR HOME TODAY
What is your Mission?
Our Mission is to Transform Lives through Affordable Housing to Empower Families and Individuals to Enjoy the American Dream of Home Ownership As Quickly As Possible.
Our Mission is to provide outstanding value for money, to design and deliver quality and service that is hard to find anywhere else. We like working with people that want to work with us.
Do you arrange owner financing for the homes you sell?
Yes, we sell many homes with owner financing or by creating Rent-to-Own situations. We are not Bankers or any other Financial Institution. Therefore; This program is limited by State Law. We also work closely with licensed mortgage brokers who work with many lenders to find the right loan for you.
Do I need to qualify to buy a home today?
We are not extremely interested in your past credit status. Your ability to make reasonable monthly payments and your desire to be a homeowner now is what is really important to us. Most of our clients are unable to qualify for conventional financing today. These clients will need to work on a few things before they qualify.
How can I buy a home when I have bad credit?
You can’t through conventional lenders, but you can with our help. We can setup owner financing or by creating Rent-to-Own situations to help improve your credit over time.
How much down payment do I need?
We are very flexible with your down payment. We can offer you many options and we always do our best to work with whatever funds you have available. You can even start out on our Rent-to-Own program and then move to our owner financing program at a later date when you have the additional money.
What other methods of down payment are accepted?
Unlike most lending institutions, we accept borrowed funds for closing. If you have a close friend or relative willing to lend you money for your down payment, you can use that with our programs. You may also be eligible to withdraw or borrow from your 401K to purchase a home without penalties. We also accept trades.
Do you offer down payment assistance programs?
Yes, we do. Many times, if you are a bit short on your down payment, we can set up a monthly payment plan spread out over 6 to 12 months. In addition, we have a matching program for first time home owners.
How does your Lease with an Option to Purchase Program Work?
We can lease you the home with the exclusive right to purchase it at a later date. Our buyers love it because it gives them the time they need to save up for a larger down payment, time to clean up past credit problems, time to sell another home, and / or also time to try out the neighborhood before buying. 100% of your option fee/down payment is credited toward the purchase price of the home, plus you may be eligible to receive a monthly credit towards the purchase price every time you pay your lease on time.
What is the interest rate on your home purchase programs?
We are not Bankers or any other Financial Institution. Therefore; This Program is limited by State Law. We are flexible with our terms to meet your needs. Typical interest rates range from 5.5% to 8.5% depending on your down payment and application. All credit is accepted and applications are necessary to verify income and employment.
I love the home, what is the next step?
All we need is your application. You can even fax it to us for fast processing! We will then contact you within 24 to 48 hours once we are able to verify your income and employment. Please keep in mind that our homes go quickly, so time is of the essence.
The home I wanted has been sold, can you find me another one?
Yes we can. Our homes go fast, so the best thing you can do is join our online Buyer’s List. Tell us what you are looking for, how soon you are looking to move and we will do our best to find you your next home. As soon as a home becomes available, we will call or email you about the home. Click here to join our Buyers List now!
Do you work with investors?
Yes, we can help you whether you are just beginning or if you are an experienced property owner. We can supply you with properties needing repairs at wholesale prices or those already repaired and with or without tenants occupying them.
How long does it take?
We typically can put someone to lease purchase within 30 days. We have small inventory and depends on timing and your flexibility. If you have more time to move, the more opportunities you will get to see.
How are you going to charge me?
First we are not realtors and do not charge commission. It costs you nothing. Our fee comes from the rental and selling of the property. As mentioned, we are owners and investors and not realtors.
How do I know this is not some sort of scam? Send me more information about your company or can I speak to testimonials?
I understand you don’t know me. I have been doing this for over 15 years. Lease options are common way now to buy a home. You are welcome to check me out on Face book or LinkedIn. People that do a poor job often get poor reviews on the social media pages. You will not find any negative feedback. In addition, this transaction will be documented by a licensed attorney. Once you meet me and we go over the details, if you do not trust me, let’s agree not to do business together. Is that fair?
What sort of down payments do most people have?
Most rent to own situations will need 5-20% of the purchase price. Most owner financing will need 21-30% of the purchase price. Your credit and financials will determine the exact number. Also remember we provide assistance with down payments.
Who is responsible for upkeep and maintenance on the home?
As homeowners, you are responsible for maintenance and repairs. We look for people who will take care of it and treat it like their own. In most houses, we do provide a 30-day period that if something should not work or break we will repair. This would not apply for houses that we provide a discount in exchange for the repairs (work for equity).
How do buyers get financing when it's time to exercise their option?
They go to any conventional lender and apply for a loan. The reason they are buying "Rent To Buy" right now is because they do not qualify for a conventional loan. Since 2007, conventional loans have become much harder to qualify for - ask any mortgage broker. Our goal is to help good, responsible people get into a home. On a limited basis, we can provide seller financing. Please email your application to fernando@nandobuys.com or call 203-842-8604