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| PTC FICO 585 |
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| Rent-To-Own Program |
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| • Minimum Rent-to Own 585 FICO Score |
| • Mimimum Household verifiable income is $50,000 per year |
| • Maximum DTI 45% |
| • PTC approved properties only. |
| • Deposit Required is $10,000 NON REFUNDABLE Option Fee APPLIED AT CLOSING. |
| • PTC Financial Corp holds the house for the next 24 months. |
| • Build your credit over the next 12-24 months. |
| • Must work with PTC Approved Lender |
| • You can purchase the home using one of the Down Payment Assistance programs in the next 12 months or 24 months |
• OR you can rent the house for at least 24 months with documented Bank Statement proof of on-time rental payments,
(24 canelled checks, or 24 mony orders or 24 months automatic ACH drafts). |
• Credit scores and Fannie Mae guidelines allow you to qualify for a Conventional Mortgage to obtain the 0% Down Payment option and
use your Option Fee and Security Deposit for Closing Costs. 0% program is based on the Fannie Mae Contventional mortgage loan guidelines. |
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