When a family purchases a home using traditional financing, the purchaser will often be forced to make a down-payment, pay huge closing costs, and a large fee just for the mortgage lender to do the deal.
Conventional financing is great for lenders. A family that purchases a $200,000 home will ultimately pay $430,000 over a 30 year mortgage at just %6. After 5 years into the mortgage, the principal balance will have been paid down less than $14,000. One option offered by VGofA will allow a family to pay down the principal $18,000 over that same 5-year period.
At Vesting Group of America (VGofA), we realize that many Americans encounter difficult times. Or, maybe you’re tired of renting, or just need a bigger home. However, that doesn’t need to stop you from obtaining a home that offers protection and solitude for the entire family. VGofA offers lease/purchase options so that families can achieve their dreams and long-term financial goals.
How it works
Step 1: First, find a home that you like and meets your budget.
Step 2: We purchase the home.
Step 3: We sign a lease/purchase agreement with you.
Please note: Each agreement requires a non-refundable fee upon execution of the lease/purchase agreement. However, the fee is applied directly towards the purchase price of the home upon successfully meeting the terms and conditions of the lease/purchase agreement. Most agreements start at 5 years, but can vary based upon different factors and choices by the home purchaser.
If you’re ready to start the process, click here to begin the application process.