Who is this Program For?
🏠 First-Time Buyers & Renters - Perfect for those tired of renting who are locked out of traditional banking due to credit scores or strict income rules.
📈 Buy-and-Hold Investors - An excellent vehicle for building a long-term portfolio, allowing you to acquire assets with minimal upfront capital and favorable seller financing.
🛠️ Handymen & DIY Enthusiasts - Ideal for skilled workers who are willing to trade their labor and "sweat equity" for a significantly lower purchase price.
💼 Self-Employed & Entrepreneurs - Designed for business owners and gig workers who struggle to provide the W-2s and tax returns that big banks demand.
📉 Value Hunters - Suited for buyers who understand that the smartest way to build wealth is buying the "worst house on the best block."
Frequently Asked Questions
Program Basics
1. What exactly is the "Repair to Own" program? It is a homeownership program where you purchase a property in "as-is" condition, often below market value, and complete the necessary repairs yourself in exchange for flexible financing.
2. Is this a "Rent-to-Own" program? No. This is a purchase program. You are buying the home, not renting it. You will have a loan agreement, not a lease.
3. Who is JSTON? JSTON is a real estate investment firm trusted in the community for over 20 years, specializing in providing affordable housing solutions.
4. Do I need a real estate agent to buy? No, you buy directly from us, which saves you money on commission fees.
5. Are these homes move-in ready? Generally, no. These homes require repairs and renovations, which is why they are sold at a discount.
6. Where are these homes located? Our inventory changes weekly, but we focus on established communities where we can offer value.
7. How long does the process take? Because there are no banks involved, we can often close in as little as 7-14 days.
8. Can I live in the home while I repair it? That depends on the condition of the specific property. Some just need cosmetic work; others may need major systems fixed before they are habitable.
Financial & Qualifications
9. Do you really not check my credit? Correct. We do not pull your credit report. We base approval on your ability to pay the down payment and monthly installments.
10. Is there an income verification requirement? No. We do not require pay stubs or tax returns.
11. How much is the down payment? Down payments start as low as $1,000, depending on the specific property and purchase price.
12. What is the interest rate? Interest rates are fixed for the life of the loan. Specific rates vary by property but are competitive for seller financing.
13. How long is the loan term? We offer a guaranteed 25-year loan term.
14. Can I pay the loan off early? Yes, there are usually no pre-payment penalties. You can pay off the house whenever you like.
15. What are the monthly payments? Payments are designed to be affordable, often comparable to or lower than local rent prices for similar sized homes.
16. Do I have to pay property taxes? Yes. As the buyer/owner, you are responsible for property taxes.
17. Do I need homeowners insurance? Yes, you must maintain a hazard insurance policy on the property to protect your asset and our loan.
18. What forms of payment do you accept? We accept money orders, cashier's checks, and electronic payments (ACH).
The "Repair" Aspect
19. Who pays for the repairs? You do. You are purchasing the home "as-is," so all renovation costs are your responsibility.
20. Can I hire contractors? Absolutely. You can hire professionals or do the work yourself if you have the skills.
21. Is there a timeline to finish repairs? While we want you to have a safe home quickly, you generally set your own renovation pace. However, city code violations must be addressed promptly.
22. Can I inspect the house before buying? Yes. We strongly encourage you to walk through the property and assess the work needed before signing.
23. What if I find a major issue after buying? The home is sold "as-is." We recommend you inspect thoroughly beforehand. Once purchased, all repairs are the buyer's responsibility.
24. Do you provide a list of recommended contractors? We can sometimes provide a list of local vendors we have worked with, but you are free to choose your own.
25. Do I need permits for repairs? Yes, for major work (electrical, plumbing, structural), you must follow your local city or county building codes and pull necessary permits.
Ownership & Legal
26. When do I get the deed? In a Contract for Deed arrangement, you receive the deed once the loan is paid in full. However, you hold "equitable title" immediately.
27. Can I sell the house later? Yes. Once you improve the value, you can sell the home, pay off the remaining balance of our loan, and keep the profit.
28. Can I refinance with a bank later? Yes. Many buyers fix the credit and the house, then refinance with a traditional bank to pay us off.
29. What happens if I miss a payment? We have a standard default process. Communication is key; if you are struggling, please contact us immediately.
30. Can I rent the house out to someone else? Usually, our program is designed for owner-occupants. If you are an investor looking to rent it out, please discuss this with us upfront.
31. Who is responsible for utilities? You are responsible for turning on and paying for all utilities (water, gas, electric) from the day of closing.
32. What if the house has old liens or back taxes? We ensure clear title or disclose any encumbrances upfront. Typically, we handle back taxes prior to sale or clarify if they are part of the deal.
33. Is there a warranty on the house? No. All sales are final and "as-is."
Eligibility & "What Ifs"
34. I have a bankruptcy on my record. Can I buy? Yes. Bankruptcy does not disqualify you.
35. I have a past eviction. Can I buy? Yes. We do not check rental history.
36. I am self-employed. Can I buy? Yes. Since we don't verify income via W2s, self-employed individuals are welcome.
37. Can I buy the home with a co-borrower? Yes, you can have a spouse, partner, or family member on the agreement with you.
38. What if I want to put down more than $1,000? That is great! A larger down payment will lower your monthly payments or reduce the loan balance.
39. Do you accept Section 8 vouchers for payments? Typically, Section 8 is for rentals. Since this is a home purchase, you would need to check with your caseworker to see if they have a "Homeownership Voucher" program.
40. How do I get started? Scan the QR code on the flyer, view our current list of properties, and contact us to schedule a viewing!