Luxor Homes.

• Complete our brief questionnaire on our landing page to start the conversation;
• Schedule a brief telephonic conversation to confirm your understanding of our program and a summary qualification discussion to confirm going forward makes sense for all;
• If you want to reserve a home before it's gone, submit a $2,000 deposit and execute a one-page Reservation Form. Said amount if refundable per said agreement while we receive/review your complete application;
• Submit a $75.00 application fee and a complete application for review and discussion;
• Discuss any follow up application clarifications and submit follow up documentation as necessary;
• Online order of background check (cost $30+-);
• Conditional Approval (or denial) subject to updating verifications prior to move in (pay, credit, similar);
• Pre move-in inspection and acceptance of new home;
• Move into your New Home!!

• An application submittal that includes all items in our document disclosure;
• We prefer all-electronic applications, but physical applications may be turned in at our office during business hours and via an appointment;
• We consider the nature, relevance, recency, accuracy, completeness, and application as a whole in consistently applying decisions to received applications;
• Note: We may customize pre-move-in payments into installments to coincide with an applicant’s unique financial situation, but consistent standards will be applied in reviewing and approving applications. We may create a wait list for applicants who agree to make payments to reserve a home that is available in the future even though said applicant may not currently meet our underwriting standards (in such cases, the payments shall be non-refundable, and the applicants will take the risk that they improve their status to meet agreed underwriting standards).
• We prioritize applications on a first-come, first-serve basis of completed applications and money down;
• Qualifications considered Include but are not limited to (not in any order):
  • Rental History
  • Employment History
  • Financial Stability and adequacy
  • Credit History
  • References
  • Background checks
  • Verifications
  • Tenant(s) Demeanor
  • Timeliness of communications & submittals

The stability of your family, having a consistent home, school system, and social contacts, is a well-known significant positive factor in happiness and security. For many people, purchasing a home will be their most significant investment. By buying a New Construction home from a reputable builder in a subdivision with abundant amenities and adjacent high-value single-family homes, your likelihood of investment appreciation will be significantly improved. Additionally, when purchasing (subject to interest rates), your mortgage payment will typically be less expensive than renting. You are better in control of your destiny and not subject to the whims of a landlord unreasonably raising rent or prematurely asking you to move due to their circumstances.

There is no time limit to extending your Lease without buying. We appreciate that your path to ownership may be interrupted by unforeseen events. Our program is designed to set your future purchase timing to match the optimal time that works for your family.

As you can verify in our attached sample agreements, in return for our reserving a home for your rental and future purchase at an agreed price, your down payments for future purchase (option premiums) are not refundable in the event you decide not to move forward.

Subject to the mutual agreement of an alternative, the Owners have agreed in the past to transfer down payments paid for the purchase of other new construction homes built by its affiliates.

Equal Housing Opportunity Statement: We are pledged to the letter and spirit of U.S. policy for achieving equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin;

• We will not knowingly accept any advertising for real estate which violates the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis;
• Our employees have all read Fair Housing laws and have agreed in writing to comply with same;
• We ask for detailed information regarding all intended future residents so that we can document our approved tenants. We limit occupancy to said approved parties. In doing so, we in no way will discriminate;
• If you feel our business has unfairly treated you, you are encouraged to directly contact the President and controlling partner, Randy Hall, visavi Randy-rent2own@luxorhomes.net.

Application Documents

• Tenant Summary Information
• Tenant Application Checklist
• F4506t
• Credit Application
• Application Fee Agreement
• Release of Information

Lease/Option Documents

• Lease Agreement
• Option to Purchase
• Sales Disclosure
• Receipt of Covenants
• Renters Insurance Request
• Exterior Maintenance Agreement