We understand the struggle and not everyone is mortgage eligible. That doesn't need to stop you from finding a home NOW that meets your needs. We partnered with two investment companies that provide alternative routes to getting you into a home. Choose the program that's best for your situation and let's get you into a home right away.
Berry-Rock Homes
Berry-Rock Homes is your gateway into a mortgage. This program allows you to rent the home you want to own while working on becoming mortgage eligible. It is for people that are ready to be a homeowner but due to some issue cannot qualify at the moment. Maybe the issue is credit score, a recent divorce, or income verification. Regardless, we purchase the home that you want to own, then lease it to you until you are ready to purchase the home back from us. You can exercise your right to purchase at any time.
If you have to live somewhere while you become mortgage eligible, it might as well be in the home you want to own.
Highlights
Application Fee: FREE
Bad/No credit okay
Few property restrictions
Choose any home currently for sale with your REALTOR®
7% of the purchase price is required as option consideration, which transfers with you when you purchase the property and can be used as the downpayment for your new mortgage.
0.1% is credited from your monthly payment toward the downpayment.
Once you become mortgage eligible you bring your own financing and purchase the home.
Home Partners of America
Are you in interested in living in Kansas City while enjoying the benefits of living in a single family home, but not prepared to commit to a mortgage? If it's better for you to have more time so you can be more confident about the home and neighborhood or simply save more before choosing to buy, then the Home Partners of America program may be ideal for you – with a transparent process that puts you in control. Since 2015, Home Partners of America has been servicing the Kansas City area with our Lease with Right to Purchase Program. This program provides Kansas City-area residents with the opportunity to lease a home of their choice, before having to make that ultimate decision to buy. Enjoy the comfort of knowing that you can rent a single family home for up to five years and have the opportunity, but not the obligation to purchase that home, all at pre-arranged terms. Home Partners of America is committed to making homeownership a reality for more people, helping more people get into homes, in neighborhoods they love, with the opportunity to build a more secure financial future.
Highlights
Application Fee: $99
Household average score of 580 or above, with no recent history of late payments.
Stable employment and no recent history of eviction or other landlord issues
Single and/or combined annual income of any two living in house = $60,000+
No pending bankruptcy (one day out of BK is ok!)
No disqualifying criminal history (felonies/violent crimes)
Homes limited to certain High School attendance zones
Security deposit requirement in MO is equal to 2-months rent and in KS is equal to 1-month's rent (due to local laws)
Once you become mortgage eligible you bring your own financing and purchase the home.