|PTC FICO 585|
|• 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.