EZ Program: 12 months Good Rent payments may get you into a home. Start building Equity when Traditional Mortgages are not an Option.
A 2-year Equity Builder program for homebuyers who don't qualify for a traditional mortgage. This is not a loan, but a 40-year contract for deed with Equitable Title Interest that lets you retain your equity, decorate your home as you see fit and fall in love with your home-all while maintaining your equity.
What is the EZ Program?
Alternative Path to Homeownership
Contract for Deed
Equity Retention
The EZ Program provides a solution for buyers who don't qualify for a traditional mortgage, but still want to build equity in a home
Unlike a traditional loan, you enter into a 40-year contract for deed with Equitable Title Interest.
You retain the equity you build in the property throughout the contract period.
***Our knowledgeable Loan Officers work to fit you into a traditional loan program first
Program Structure
We provide an FHA loan to a HUD approved entity, which sets up a 40 year contract for deed giving the buyer equitable title interest.
Closing Process
The purchase closes like any standard purchase-seller gets paid and agents get paid their regular commission and buyers start building equity day immediately.
Two Year Refinance Plan
Buyers can stay in the home the full 40 years and as long as payments have all been made they will own it at the end of 40 years. We give buyers a road map on what they need to do to qualify for a traditional mortgage and refinance in 2 years. They are not required to do this, they can keep it all 40 years and after 2 full years they can sell it and they keep the equity, or stay in the home it is up to the buyer.
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Gold Mortgage a division of Canopy Mortgage, LLC NMLS 1359687, 8282 S Memorial Dr, Suite 102, Tulsa, OK 74133
All loans subject to credit and property approval.
TULSA 918-806-8200 * CLAREMORE 918-973-1133 * WICHITA 316-665-7334 * Geismar 225-217-1427