How it Works
If you meet the minimum requirements, we encourage you to schedule a free consultation:
1. Let’s Talk
Yes, we want to hear from you! One of our friendly and knowledgable consultants will connect with you either by phone or video/Zoom® call. We’ll go over the details of the process and happily answer any of your questions. If you would like to complete your application at this time, we strongly suggest all participating applicants to be available on the call. For your convenience, we’re able to meet with you weekdays from 7am to 7pm and weekends from 10am to 2pm.
2. application
If you wish to complete your application at the time of of your consultation, please have the following items ready for all applicants at the time of our appointment:
- Paystubs (spanning last 30 days)
- W2’s & 1040’s (2 most recent years filed)
- Drivers License
- Bank Statements (most recent 2 months)
3. Agent match
Once you’ve been pre-qualified for lease-to-own financing, we’ll introduce you to a Trio Preferred real estate agent. Alternatively, you can work with any agent you choose but since the process is unique, we would highly recommend any outside agent to study the program materials then take and pass the required testing before attempting to represent anyone for this program.
4. Shopping
The fun begins! During this stage, you can access homes for sale via our NMLS feed. We filter the listings to only include properties that are no older than 15 years old. While the lender prefers properties that are no older than 10 years old, they do make exceptions for properties that are in great shape up to 15 years old. Once you find a property you like that’s within your range of affordability, your agent will present an offer. If it’s accepted, Trio, will make the purchase.
5. lease period
This is where the lease-to-own thing comes into play. You can opt for either a 3 year plan or a 5 year plan. With either plan you can elect to take ownership at any time as long as, (a) you have made on-time lease payments for 24 consecutive months and, (b) you’re ready to qualify for the underlying FHA loan that was obtained by Trio. Once you think you’re ready, check in with us and we’ll be happy to see if you’re ready to qualify for the underlying loan. Also, if you do not wish to take ownership of the property, there’s no requirement to do so.
6. ownership
Pick your paint! During this stage, you can access homes for sale via our NMLS feed. We filter the listings to only include properties that are no older than 15 years old. While the lender prefers properties that are no older than 10 years old, they do make exceptions for properties that are in great shape up to 15 years old. Once you find a property you like that’s within your range of affordability, your agent will present an offer. If it’s accepted, Trio, will make the purchase.