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LEASE TO OWN
The best co-ownership option if you’re looking for down payment assistance
Lease to Own Program
If you need down payment assistance, our “lease to own” program is a great option.
CHER will provide you with down payment assistance (up to 16.5%), and you’ll be on a lease to own until the down payment is payed back to CHER (+ monthly interests).
This co-ownership program is available for multi-family and single-family homes.
Requirements:
If Credit Score 500-579:
- Down payment needed is 10%.
- CHER will provide 6.5%.
If Credit Score 620 + LLC is formed:
- Down payment needed is 10%.
- CHER will provide 6.5%
If Credit Score 720 + Tenants in Common:
- Down payment needed is 15%.
- CHER will provide 11.5%.
*Contact us to see if you can qualify for a TIC Loan or other co-ownership arrangements.
