Lender · Winlock, WA · Member since 2013 · 1k+ posts · 1k+ votes
I have a lease option that the buyers can not qualify for conventional financing for 24 more months due to a job change to an industry that is based in part on commission.
The home is worth between $300,000 and $320,000 and is beautiful and was built in 2004. The payoff per the lease option is $221,000 and must be exercised by the end of April and the payoff must be completed or paid off by May 31st. The buyers are both professionals with good income. They would like to find private financing for 24 months, or possibly, someone to buy out their position. Their preference is private financing.
There is a great lack of inventory in the market and homes are flying off the market as fast as they come on in this area.
I will do the loan for them when they are capable of getting conventional financing. somewhere between 12-24 months.
Please PM me with any questions and interest. Thanks