J. Ellis Apartment Locators - Lease Option Program

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Lease Option Program

Apply Your Rent Towards Your Home Purchase

Our Lease Option Program is designed to provide an alternative to those seeking to rent a home. Once qualified under our program, the participant selects from one of our current “Lease Option” listings. We can also help the participant locate a home for sale in the area they want to live in and at a purchase price that fits their budget. The participant makes a down payment securing an option to buy the home instead of paying a deposit and then makes monthly payments, just like rent. Under our program the down payment and a portion of the monthly payments in each month the payment is made on time are credited towards the purchase of the home. The participant purchases the home from us in two years or less, often without having to spend any additional money! Apply Now

Better than Just Renting?
		The program allows you to accumulate a full 5% down payment or more towards the purchase of your home in two years, or less!
		While in the program, we can help you repair your credit if needed by establishing a two-year track record of timely payments and through participation in our Credit Monitoring Process.
		You will be able to find and live in a high quality home in a great area of your choosing.
		The program allows you to lock-in a purchase price while you are qualifying for a conventional mortgage.

Apply Online or Call
(469) 713-3472

How Does it Work?

The process begins with a simple standard rent application. You will also assist us with determining the maximum home value you qualify for by identifying:

		The amount of money you have available for your down payment. (Rental homes typically require three month’s rent plus a deposit up front!)
		The monthly payment you can afford based on your monthly income. (We try to keep your total payments to less than 1/3 of your total gross monthly household income.)

During the lease period, we pay all real estate property taxes and the homeowner’s insurance. You will be responsible for the utilities, all maintenance, and your renter’s insurance policy. Once you are moved in, we expect that you, as the future homeowner, will treat the home as you would treat your own home — because it soon will be yours!

For more information on how this program can benefit you, please fill out the form below and we will be delighted to inform you on how this innovative program can work for you!


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