Our Programs
To put you on the fast track to moving into your new home, start exploring Metrecx Solutions website beginning with the ” How it works” page in the main menu. Also review the Our Programs page if you haven’t done so already. Here you’ll learn an overview of the goals of our program and its benefits to you.
Program A
Owner Financing:
Scenario:
- Buyer may qualify for traditional and /or Owner financing based on credit, income, and cash available.
Challenges:
- None
Solutions / Requirements:
- Buyer has acceptable Income and credit.
- Buyer has sufficient cash available for 5-10% down payment and closing cost requirement.
- Buyer immediately ready for “Home Shopping” phase.
Enrollment Fees:
- $0.00
Program B
Owner Assisted Financing:
Scenario:
- Buyer does NOT qualify for Program A due to cash availability over credit and income challenges.
Challenges:
- Buyer has insufficient cash for 5-10% down payment and closing costs requirement.
Solutions / Requirements:
- Owner may assist Buyer with down payment and/or closing costs with credit at closing.
- Buyer immediately ready for “Home Shopping” phase.
Enrollment Fees:
- $0.00
Program C
Assisted Home Purchase:
Scenario:
- Buyer does NOT qualify for Programs A or B.
Challenges:
- Buyer has credit and cash availability challenges.
- Buyer needs time to address both challenges before moving to “Home Shopping” phase.
Solutions / Requirements:
- Enroll in credit repair. (Metrecx recommended)
- Monthly rent credit. (Buyer will receive 50% of current rent paid, up to 3% of purchase price for every month enrolled in program.)
- i.e. – Monthly rent paid = $1800.00, rent credit $900.00/month.
- Purchase price = $300,000.00, maximum credit = 3% or $9,000.00 credit for down payment or closing cost.
- Enrollment fee credit. (Buyer will receive at closing, a 100% credit for enrollment fee paid. Enrollment fee is inclusive of cost incurred for credit repair as well.) All fees will be applicable to down payment or closing costs needed at closing.
- Upon completion of program, Buyer will be ready for “Home Shopping” phase.
Enrollment fees:
- one time enrollment fee paid at time of enrollment. All fees are based on credit repair needed and based on individual credit repair needs.
Program D
Angel program:
Scenario:
- Buyer does NOT qualify for Programs A or B
Challenges:
- Buyer has credit &/or income verification challenges.
- Buyer desires to move directly into “Home Shopping” phase.
Solutions / Requirements:
Buyer provides additional cash to meet program requirements.
Program requirements:
- 20% down payment
- 100% closing cost
- Buyer may pay additional premium on home purchase price. (Premium determined once Buyer selects home)
- Program allows buyer approval regardless of credit, income verification, or home selected.
Enrollment Fees:
$0.00
