Alternative Mortage Program
Alternative Mortgage Program (AMP)
Professional One Realty has created an Alternative Mortgage Program (AMP) to help those who are having difficulty financing a home. Read the basics of how AMP works.
Pre-Qualify
First we review your credit history, ability to make monthly payments, and verify you have the deposit needed for escrow (15%). We can work with you even if you are self-employed, have alternative income documentation, or have had a previous bankruptcy, foreclosure, or short sales. Upon pre-approval, we advise you of the maximum purchase price for which you qualify.
Choose Your Home
You and Professional One Realty agree on the price to pay. You enter into a purchase agreement and lease agreement with Professional One and have up to 5 years to close escrow. Professional One purchases the home and you move in!
Close Escrow
Your purchase price and lease payments are pre-determined for up to 5 years. You can close escrow any time during the 5years without penalty. Professional One will help you understand what you will need to do in order to qualify for a mortgage and you let Professional One know when you are ready to close escrow. It’s that simple!
Alternative Mortage Program
Call a Professional One Agent today for more details.
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