FAQ: What is the Lease to Own (LOP) Program and how does it work?
Answer: Watch this short video. It is an innovative program designed for individuals and families that may not currently qualify for conventional property purchases due to various employment, health, divorce or other financial reasons.
FAQ: Who is Vision Property Management (VPM) and how can they help me and my family?
Answer: Watch this short video. VPM is a family owned national real estate investment management firm, and the country’s largest provider of affordable Lease-to-Own property opportunities.
FAQ: How can I be assured that VPM is a legitimate entity, and that I am not going be subjected to any potentially fraudulent activities?
Answer: Vision Property is a family owned and operated business that was established in 2004. We have been active in this same line of business since our inception, and we take great pride in creating an available inventory of affordable homes for individuals and families negatively impacted by various employment, health, divorce or other financial reasons. We strive to fully disclose and document all requirements and obligations to contract holders, and communicate them in a clear and easy to understand format to avoid any possible confusion. Should a customer be dissatisfied for any reason within the first (30) days of the receipt of contract funds. VPM will issue a full refund of funds received. To date, we have successfully provided nearly 10,000 individuals and families with the opportunity of potential future home ownership. Individual testimonials are available in the Our Story page of our site.
FAQ: I found a property, and I am interested in moving ahead with LOP discussions. What are my next steps?
Answer: We have built a self-service, online experience (available 24x7x365) for our prospective LOP customers that is designed to streamline and reduce the time it takes to apply and become approved. The first thing that you will need to do is register for a new account, and after a brief authentication process you will be able to log-in to unlock our advanced website features. At that point you will be able to search, select and save the property(s) that you are most interested in. Access to your selected properties is available from the next steps page. It is here that we will walk you through some very simple steps that will allow you to electronically retrieve lock codes for you self-guided tour of the home, and if you are ultimately interested in proceeding forward, you will be able to complete an online web application. Within (2) business days of submission, one of our team members will reach out for a one on one discussion and work through the final steps towards future home ownership with you.
FAQ: I found a property that I am interested in purchasing. What are my next steps?
FAQ: How and when can I reach a live member of your team?
Answer: Our normal business hours are Monday thru Friday from 9am to 6pm ET, and Saturday from 10am to 4pm ET. We are available by telephone at (888) 466-7932 or via live chat during normal business hours.
FAQ: I have bad/no credit. How does that affect me?
Answer: We do not deny based on credit. Only the required upfront money payable as cash consideration towards the future option price is impacted by your current credit and past payment history. Your Plan of Action (POA) for repairing the home actually matters more.
FAQ: Can I just rent a home from Vision?
Answer: No, we do not provide traditional property rentals. Our goal is to turn renters into future homeowners via our LOP program.
FAQ: What are my responsibilities as a future LOP contract holder?
Answer: Unlike traditional lease agreements, our innovative Lease to Own program shifts specific responsibilities to the contract holder in return for the potential future opportunity of home ownership.
Contract holder must agree to:
FAQ: What if a home requires significant repairs? When can I move in?
Answer: The contract holder, as detailed in their LOP Agreement and in their Plan of Action (POA), is responsible for bringing the home to a level of local code compliance and securing a certificate of occupancy (CO) prior to physically moving in.
FAQ: Do you have any homes that are move-in ready?
Answer: Most of our homes do require some work and repairs, but there is a select percentage that may be ready for immediate occupancy.
FAQ: Do I qualify for a LOP opportunity?
Answer: As long as you bring in at least (3x) times the monthly payment (including operating costs such as taxes and insurance), you will not be denied even if you have little to no credit.
FAQ: How long does the approval process take once I send in a completed app?
Answer: As soon as the application is received, a decision is typically made within (2) business days.
FAQ: Why does child support not count as provable income?
Answer: Because even though it is court ordered, it does not mean that it will always be paid.
FAQ: Can I apply Section 8 vouchers towards my monthly payments?
Answer: At this time we do not accept any vouchers funded by the U.S. Department of Housing and Urban Development.
FAQ: Can I apply along with a co-signer?
Answer: Yes. A seperate application will need to be completed and submitted if/when this is necessary.
FAQ: What type of insurance do I need?
Answer: Casualty and general liability insurance on the home will be included in the final monthly rent payment. The contract holder is responsible for insuring his/her own personal contents and possessions against fire, theft and other catastrophes.