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Buyers

Homeowner in Training Program

We get it! You are ready to be a homeowner, but you do not quite qualify for a traditional mortgage.  If you have a good job history and a deposit, our financing and real estate experts will assist you in moving into the home of your choice and becoming a homeowner within 1-3 years.

The New House

Our Homeowner in Training program is ideal for you if…

Your credit is less than perfect for a traditional loan

  • Life happens and sometimes it causes credit scores to decrease. Our Homeowner in Training Program allows time to improve or repair your credit. We match you with a credit repair company to guide you towards qualifying for a traditional loan.

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You need to save more money for your down payment

  • When you lease the home of your choice from us, a portion of your monthly rent will be credited towards your down payment when you close on your home.

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You are self-employed

  • Do you need more time to build your business to show greater net income to qualify for a traditional loan? Our 1-3 years time period provides you the time you need.

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You are new to the country

  • Getting a mortgage can be difficult as an immigrant. We can help with your goal of home ownership.

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Happy Woman

Homeowner in Training
Benefits

Our Homeowner In Training program gives you the opportunity to move into your home before you obtain financing or a mortgage while you remove barriers to becoming a homeowner. Whether you have to repair or build your credit, save for a higher down payment, grow your business or pay off debts, our Homeowner In Training program guides you through the process to successful ownership of your home.

 

  • You select your home and can move in within 1-2 months

  • You have the option to buy at the end of the program for a predetermined price

  • You can make the house your home while you qualify for your mortgage

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How it Works

1

ASSESS
We will assess your unique credit situation

2

MOVE
Our program allows you to move into your new home within 1-2 months

3

TRAINING
If accepted, we customize a program based on your financial and personal needs

4

DESIGN
We design your monthly rent payments to save for your down payment

5

CONNECT
We connect you with a credit repair specialist to improve your creditworthiness

6

DEPOSIT
You make an initial deposit of 3% - 5% towards the purchase of your new home

Leasing a Home

A Different Way to Homeownership

“Action is the foundational key to all success”  - Pablo Picasso

If you want to know how to qualify for our Homeowner In Training program and learn more about our program, take action!

ACTION STEP #1
Get pre-approved and complete the application

We will let you know if you pre-qualify within 7 days and schedule a meeting with our lending team to discuss purchase strategies.

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Minimum requirements for the Homeowner In Training program

  • Good job history

  • Deposit of a Non-Refundable Option Consideration

  • A commitment to the process

ACTION STEP #2
Prepare to find your new home

  • DenWal Properties & Development Corp. will let you know your pre-approval amount

  • We will meet with your realtor and mortgage broker to review the Homeowner in Training program

  • If you have not selected a realtor or mortgage broker, DenWal Properties & Development Corp. will connect you with our Preferred Partners to assist you through the home finding process

ACTION STEP #3
Select your new home

  • Work with a realtor to find a home that excites you and fits your budget!

  • Hire a licensed home inspector to identify major and minor issues with the home

  • DenWal Properties & Development Corp. will review the home purchase agreement to ensure all offer contingencies outlined in the home purchase agreement are met or waived  

  • DenWal Properties & Development Corp. and your realtor will negotiate and finalize the purchase agreement

ACTION STEP #4
Complete legal paperwork to secure your new home

After an acceptable inspection: 
•    You move into your new home
•    Your monthly rent will consist of two payments

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First Payment: Covers the mortgage, property taxes, and insurance

Second Payment: This will be your savings for your down payment at closing

ACTION STEP #5
Maintain a good credit rating

  • DenWal Properties & Development Corp. will connect you with a reputable credit repair specialist

  • You will work with the credit repair specialist to build your credit

ACTION STEP #6
Be financially Prepared

Our lending team will work with you to:

  • Set a realistic budget

  • Plan and save for your home purchase

  • Keep focused on financial goals

  • Prevent unnecessary debt

ACTION STEP #7
Complete the homeowner in training program

  • You will be a homeowner

  • You will be creditworthy and continue to build your credit

  • You will own an appreciating investment

  • You will have the opportunity to build equity

  • You will have tax advantages

  • You will have the freedom to personalize your home

  • You will be living the American dream!!

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