Trio and Invest Atlanta Showcase a New Path to Home Ownership
Thursday, April 13, 2017
Trio and Invest Atlanta co-hosted a Homeowner’s Workshop on Wednesday, April 12 to share key information about Trio’s affordable and flexible lease-to-own model. The event took place at the Georgia-Pacific Center’s Auditorium.
Trio provides an alternative financing solution for those who want to own a home, but are looking outside of the traditional mortgage box.
“What’s unique about Trio is that’s built to give you all the resources to support you in your pathway to home ownership,” said Darryl Lewis, Managing Director at Trio. “We work in partnership with you.”
The program offers the opportunity to secure a lease on a home with the option to buy it at a locked-in interest rate and terms based on today’s pricing underwritten to Federal Housing Administration standards. The home price can also be locked in for as low as 1 percent for up to five years.
Program participants can work with a real estate agent to find the right home that qualifies for Trio, and they have the flexibility to move out of the home if a job relocation or another life event requires it.
To qualify, participants must meet the following requirements:
- Gross household income of $3,600/month +
- Documentation to support income and positive housing history
- Credit score at 580 or above
- No active bankruptcy or foreclosure action
- At least two months of your desired lease payment (cash, savings, retirement or gifted funds)
In addition, for those who qualify, Trio can be used in partnership with Invest Atlanta down payment assistance that can help put in-town living within reach for prospective homebuyers.