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Welcome

Heritage Financial Services Limited is dedicated to providing affordable quality housing. We specialize inhelping people clean up their credit histories and become homeowners. Ask us how we can help you clean up your credit history.

We have been in business for over 15 years and have helped hundreds of people with credit problems become homeowners.

Bob Dressman
513-886-1989
admin@cincyrto.com
Fax 513-948-9476

Lynn Martin
513-344-6001
lynn@cincyrto.com

Our Services

Are you tired of throwing away money on rent?
Is your credit not as good as you’d like it to be?
Do you have a challenge coming up with the down payment and closing costs you need to buy a house?
Are you new to the area and aren't sure you are ready to buy a house?

If any of these apply to you……our Lease Option program could be the solution you are looking for!

DOWNLOAD our application.

Frequently Asked Questions

What is a Lease Option contract?
A rent to own contract (also referred to as rent-2-own, lease to purchase, lease purchase, lease with option
to buy) is an arrangement that combines a basic lease contract with an option (not the obligation) to purchase
a property. This arrangement typically allows you to purchase the property, if you desire, after a specified time
period (typically 12 to 24 months) at a pre-arranged price. In some rent to own contracts, a rent credit is
offered which is when a portion of your rent is applied toward the actual purchase of the property if the
purchase option is exercised. Many mortgage professionals can use these rent credits as part of the down
payment if the renter can show a consistent history (of at least 12 months) of making on-time rental payments.

What are the benefits of utilizing the Heritage Financial Services Lease Option program?
If you are self employed, need time to clear up credit blemishes, or do not want
the hassle of dealing with banks this may be ideal for you.

As a potential buyer/tenant, there are many positive features and benefits of utilizing a Lease Option program, including:

• No banks to deal with: no more bank hassles!

• Own Your Own Home: You enjoy the benefits of owning your house BEFORE you technically ever buy it!

• Improve your Credit: You are creating a strong credit reference while you are renting to own! We can even report your monthly payments to all three credit bureaus to help improve your credit score.

• Flexibility: You have total flexibility: you have the OPTION to buy your home, not the obligation!

• Your monthly rent is working towards the purchase of your home: Usually, each month that you pay rent, a portion of that payment will be credited towards your down payment or off of the sales price. So, you are building equity.

• Improving Your Property: Because you will own this property, any improvements you do that increase the value of the property help you build more equity for yourself.

• You get faster equity growth: Equity can accumulate much faster with rent credits than with conventional financing (loans).

• Your Lease option deposit is credited towards the purchase of your home: This money is your vested interest in the home and will be fully credited (100%) to either your down payment or off the sales price.

• You have minimum cash out of pocket: When you buy a home conventionally, you must pay closing costs, prepaids and a down payment. With a rent to own contract, you pay only first month's rent and an option deposit.

• Your sales price is locked in: The sales price will be stated in the lease purchase agreement and agreed to ahead of time.

• You profit from appreciation: Since the sales price is locked in before closing, any increase in property value will mean that your equity is increasing in the home.

• You pay no property taxes: Since you do not own the home yet, you will not have to pay property taxes.

• Time is on your side: Before you actually buy the home, you will have a lot of time to improve your credit, be on your job longer, save more down payment money or find the best financing available.

• You are making a smart financial decision: Feel confident that your money is working for you and actually going towards something - your home and your future.