If maximum flexibility is paramount to you, then TrioSelect might be the plan for you. With a standard term of 3 years, trioSelect allows you to set up a lease for a maximum period of 5 years. If you own another home or have just sold one, TrioSelect is your option with Trio: Trio continues to offer fixed monthly payments as part of its lease financing program, the ability to finance one to five years, a home warranty and the option to purchase during or at the end of the lease – features that work well for first-time buyers, families, recovering from the Great Recession, and those who want the flexibility of renting with the certainty of knowing they can buy when they are ready. Now, Trio is adding its OwnOption mortgage to maintain future affordability for its clients. The Trio Rules Engine will be widely available by the end of the first quarter of 2020. Lenders who would like to learn more about Trio`s OwnOption mortgage or register to participate can inquire www.trioresidential.com/lender on Trio`s industry website. You know you`re ready to own and you`re looking for the lowest option price. With the cheapest and safest way to access homeownership, TrioFirst is Trio`s most popular financing program and offers you the highest credit for on-time payments. This gives you all the tools you need to secure the future of your home. Here are the facts: Three years ago, Trio launched its OwnOption mortgage product with a select group of lenders, with the sole purpose of responsibly expanding access to credit. Today, lenders across the country are lining up to benefit from this innovative program. Thanks to Trio, lenders now have access to a federal housing administration (FHA) mortgage product that they can get if a customer is turned down.

And now, Trio has developed an online "rules engine" that simplifies and automates the process for lenders. According to Land Home Financial Services, Trio`s rules engine qualified more than 40% of its mortgages rejected for an OwnOption mortgage. Imagine sitting with a client and realizing they`re likely to be rejected, and then being able to offer a "backup plan" that guarantees them a path to homeownership. Trio funds every newly built home (homes built in the last five years) in the greater Sacramento area with prizes of up to $525,000 (prices per county can be found on Trio`s website). There is no fee for the application. Stephanie Martinez, a client of the trio in Yuba City, California, said, "Trio is for real people. I love the fact that it gave me a way to move forward while saving for a deposit for a home. Thanks to Trio, I moved into a wonderful new home in time for my twin babies to have their first Christmas and birthday party. iBuyers, builders and rental investors of single-family homes also work with Trio. Trio pays market prices for existing rental apartments with tenants who wish to be converted into residential property through their ownOption Mortgage product. Trio buys in bulk or singles from these investors and offers its hire-purchase program to existing tenants.

"Our mission with our investor buy program is to make affordable housing that was bundled together after the housing crisis to be reintegrated into residential ownership," says Lewis. Darryl Lewis, CEO and founder of Trio, is very proud when he tells us, "Trio has a success rate of over 70% when it comes to turning its customers into owners." Lenders have used OwnOption mortgages to avoid late rejections, fill skills gaps due to job changes, moves, down payment seasons, and save new build sales with homebuilders. Sheridan adds, "Lenders large and small are now using this unique product to develop their skills and healing offerings that help build relationships with agents and builders. "With our rules engine coming out this year," Lewis said, "initiators around the world will have an optimized way to store loan rejections and help more people get out of the tenant base to become homeowners. Everyone wins. To see if a home that is not listed on the website is part of an approved community, please check our address checker at the following address: www.homepartners.com/how-it-works/addressCheck We buy the house. You rent it and have the right to buy it later if you wish. Right to Purchase Agreement, Purchase Price Maintenance Adjustment Trio affiliates are eligible as borrowers under a special program with FHA. Lenders issue a simplified FHA mortgage to Trio affiliates and distribute them through partner issuer FHA and service provider Land Home Financial Services. Customers then sign a hire-purchase agreement with Trio and accept the occupancy as a traditional mortgage. One-hundred percent financing is available up to a credit score of 580. The program has no maximum income limit.

Once clients have taken over the occupancy, they have up to three years to complete eligibility. Trio`s huD-approved consulting agency (Money Management International) offers 24 months of advice to help you. Once clients are ready, Trio provides down payment assistance that covers the required down payment and closing costs. Customers can take out the original FHA OwnOption mortgage or, if interest rates have dropped, use a new mortgage to buy their home from Trio. We want to help you make your dream of owning your own home a reality. At Trio, we understand that buying a home is not a one-size-fits-all solution for all types of businesses. For this reason, Trio has developed specific programs to meet your individual needs and style. With that in mind, take a look at TrioFirst and TrioSelect to see which one is right for you.

SEATTLE, 22. Oct. 2015 /PRNewswire/ -- Trio, an affordable rental finance provider, is expanding its program into the Sacramento market. After a year of service in suburban Sacramento, Trio is now available throughout the region and includes an OwnOption mortgage with every home it finances. An OwnOption mortgage guarantees a fixed interest rate at the time of lease signing, an interest rate available to Trio customers for the duration of their lease if they choose to purchase. Trio and its industry partners have developed the "Holy Grail of Home Equity Financing," which opens a new door to homeownership and offers the industry a new way to provide mortgages to customers who are near-qualified but not yet ready for a direct mortgage. Trio truly offers a win-win-win situation for everyone involved. "Trio`s OwnOption mortgage was created to bridge the gap between renting and owning for those who may not initially qualify for a traditional mortgage," says Lewis. "Our mission is to create owners through responsible innovation. Everything we do goes back to that idea.

Darryl Lewis, founder and CEO, compares the trio to the more familiar car leasing. "Similar to how car leasing is a popular method of financing a car, Trio is a lease financing for a home that includes an option to purchase. Instead of starting with a 30-year mortgage, Trio first qualifies consumers for a lease, which can make it easier for many people to get upfront financing. Then they have control and can decide when and if buying their home is right for them. If they decide to buy, their interest rate is already guaranteed through the OwnOption mortgage. "From late rejection to third-party expansion of our origination channel, Land Home Financial has partnered with Trio and its OwnOption mortgage program," said Mark Sheridan, Senior Vice President of Third-Party Origination. .