.png)
FREQUENTLY ASKED QUESTIONS
What Is Included With The Monthly Payment?
Your monthly payment is your out the door rent. Payments include everything required for home ownership. Principal, interest, insurance and property taxes. The only other payment you may have is HOA fees if applicable to the property. If this is the case, the HOA fee is added to the monthly payment. (Note: monthly payment may increase no more than 1.75% each year after the first two years)
Is This A Loan?
NO, APC Homes does not provide loans of any kind. We purchase the property in our name, and you lease until you are mortgage eligible. We report your on time payments to the major credit bureaus to expedite your eligibility!
Do I Pay Any Closing Costs?
No, we ask the seller to pay all closing costs on your behalf. All you are required to pay is your option-to-purchase consideration. However, you may pay the closing costs if desired. If this is the case, you must provide your option consideration AND closing costs to APC Homes within 3 days of an accepted contract.
Are There Any Upfront Fees?
APC Homes does NOT have any upfront fees or surprise charges. All we require you to pay is your option consideration and monthly payments. The only other charges would be HOA fees and closing costs if YOU decide to pay them.
Do I Receive Credit For The Option Consideration Or Monthly Payment?
Yes! Our program requires that you provide APC Homes with your option-to-purchase consideration within 3 days of an accepted contract from the seller. This policy is not negotiable. Your 6% option consideration is credited back to you at the time of mortgage eligibility and refinance. You will receive an additional 1% if all payments are made on time!