Travis County is helping to make Austin home ownership a realty to families who may lack the the money for a traditional down payment or have credit problems but are still able to make monthly payments. Prospective buyers put down a 1 percent commitment fee and then must loyally pay rent for the next 39 months as well as other requirements such as making at least 24 consecutive payments on time without being late.
Buyers are buying one of the many Austin homes that the county already owns. Lease to own options can be a wonderful way to become a home owner but it is still best to talk this over with a local real estate agent who can tell you all of your options and make sure your interests are covered.
If you are interested in talking about real estate buying program please contact our Austin real estate office
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