FAQ

1. Use a free FICO credit score provider and verify your middle credit score is 580 or above;
2. Review your paystubs or W2s and determine your gross income;
3. Add up your monthly payments for your outstanding debts;
4. Assemble documents supporting at least $4,000 in cash or liquid investments; and
5. Print out a statement from your landlord showing your last 24 months payments.

Once you have made a complete online application and submitted the documents requested by underwriting, you should find out if you qualify within 3 to 5 business days.

Home For Good does not provide any kind of emergency housing solutions. If you are in dire need of assistance, call your local housing authority or city office of housing.

You can select a home in need of renovation, but Home For Good will complete any required renovation prior to your move in.

Home for Good and Trio qualified agents are preferred. However, any agent can work with Home for Good provided they submit the required forms available at www.trioresidential.com

Lease terms are for 3 years and may be extended annually to a maximum of 5 years.

Lease payments are based on the financing costs of the home, plus a servicing and financing charge. Financing costs include the cost of the mortgage and mortgage insurance plus property taxes, hazard insurance, homeowner's dues and any 'owner' paid utilities.

You can earn 10% of your monthly lease payments as a credit toward the purchase price during the first 24 months of your lease. If your payment is $1,000 and your home cost $120,000, you would earn $100 per monthly payment toward your purchase. But, you only earn a credit if you pay your payment on time.

You can purchase the home at any time after you make 24 on-time monthly payments.

Just like a homeowner, you are primarily responsible for maintenance during the lease. A home care program accompanies every lease that includes periodic home inspections and a 24/7 365-day customer service line to assist with maintenance issues. Home For Good includes a home warranty and hazard insurance for each home. You pay the deductibles for warranty and hazard insurance claims.

Monthly payments are fixed for the first three years of the lease. Payments increase periodically to pass on higher property taxes, homeowner's dues, hazard insurance and other similar third-party charges.

For homes under $400,000, no traditional down payment is required. For homes priced at $400,000 or more, a 2% down payment is required.

You pay a closing fee of 1% of the home price and a contribution to the home care program of $350 per $100,000 in home price.

Any home in our approved market areas that passes a professional home inspection by our partner at Buyer's Protection Group may be financed. The maximum home price varies by market and is equal to the FHA loan limit in the given market.

Equity First is available throughout Arizona, California, Colorado, Nevada and Texas. Other states will be added so check the website periodically if your state is not yet available.

You have to fully qualify for a mortgage program or pay cash to purchase your home under Equity First. Home For Good provides no guarantee that you will be able to qualify for a mortgage to purchase your leased home. Assumable mortgages require you to qualify when you purchase.