Key considerations of the lease to own program include:
The value of the home may not increase above the Purchase Right Price.
You may not be able to exercise the Purchase Right at a later date because you may not qualify for a mortgage.
The company you are buying the home from is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
If necessary and desired by you, the company will assist you in entering a credit repair program to increase the likelihood of qualifying for a mortgage in the future. The company cannot guarantee or in any way assure that such program will increase the likelihood that you will qualify for a mortgage or will obtain a mortgage in the future.