Is Bad Credit Preventing You From Owning a Home?

Is Bad Credit Preventing You From Owning a Home?

Welcome back to the Monica Diaz Team video blog. Today we have Megan Halpin of Cove Financial with us. She’s here to tell us about a wonderful program available to anyone who is experiencing a ‘financial hiccup’.

What is Cove Financial’s Rent-to-Own program? 
Cove Financial’s Rent-to-Own program is unlike any other. There are a lot of different reasons why someone may have a poor credit score and we don’t want that to affect your chances of owning a home.

Through this program we give these families the opportunity to rent their home until they qualify for a standard mortgage.

Who qualifies? 
With this program we accept credit scores as low as 550. We just require that you have a 5% deposit. The great news is that 5% doesn’t have to be seasoned; you just need it once an offer is placed on a home.

You also need to have proof of income. This program is meant to help you until you can qualify for a standard loan. To do that, you need a steady income and to be able to rebuild your credit score.

How does it work? 
The application process takes about 2-3 days. Once you have been approved you are allowed to go and pick the home of your dreams.

Just one of the unique things about Rent-to Own is we don’t pick the home for you, rather we allow you to choose a home from $100,000 - $1 million.

Once you have found that home Cove Financial purchases the home. You are leasing the home until you qualify for a mortgage and can pay off the property.

The closing process takes about 21 days or less on average. In fact, just the other day we closed a home in just three days!

How much does it cost? 
As mentioned before, you do need a 5% deposit as well 3% to Cove Financial. The only other fee is the $995 application fee. This is a chance for you to get back into home ownership.

If you are interested in learning more about Cove Financial’s Rent-to-Own program, give Megan a call at 310.351.9942

Don’t miss out on this wonderful opportunity. Build your credit and get the home of your dreams.

If you or anyone you know is looking to buy or sell, send them our way because remember, the MONICA DIAZ TEAM MAKES IT HAPPEN!

Meet The Monica Diaz Team

Welcome back! 2013 was a great year for The Monica Diaz Team and we can't wait to continue to serve you this new year. That's why I wanted to introduce the team to you!

Lucia Lopez is our executive assistant. She handles all the open escrows, the paperwork and closing the files. She makes sure nothing falls through the cracks!

Oscar Pinto and Justin Lopez are our Buyer's Specialists. If you need a home, they make it their #1 priority to find you one that fits all your needs.

We are The Monica Diaz Team and we look forward to helping you with all your real estate needs this next year. We wish you happy and prosperous 2014. And remember, The Monica Diaz Team makes it happen!