Embedded Files
Get Credit Towards Your Dream Home, Your Way:
Are you interested in customizing a house to your own personal style, with the freedom to choose your own flooring, countertops, paint colors, and light fixtures? Our Work For Equity program allows you to do just that, while also earning credit towards the house.
Work For Equity (Also Known As Work For CreditsTM)
Our Work for Credits Grant Program offers an alternative to traditional home buying, and it's easy to apply for a grant. The properties we offer come in various stages of completion, so you can choose the level of work you feel comfortable with. The grant amount is based on the amount of work you are willing to take on, which could range from minimal to extensive.
As an example: We have a 3-bedroom, 2-bathroom single family house that, once renovated, will be worth $80,000. The house needs some work, including a new roof, new kitchen floor tiles, sheetrock repairs, and a fresh coat of paint. Our buyer, Bob, is interested in the Work for Equity program and plans to do all the work himself or with help from friends. He submits a scope of work outlining the labor and material costs for each task, which is reviewed and approved. This earns him a $9,200 grant credit that can be applied to the price of the house.
Another buyer, Sally, is also interested in the same house. She plans to do all the work herself except for the sheetrock repairs, which she will have Live Oak Solutions handle. She submits a scope of work for everything she plans to do, and the grant credit is calculated based on that.
(Bob) I Can Do All The Work Myself!
(Sally) I Can Do Some Work
What Work For Equity Does For You:
Lower your monthly payment or shorten the loan term
You know what work has been done to your house
Personalize your home with your own style
How It All Works
1) From our inventory you choose the location, type of house, number of bedrooms, etc. If we do not currently have a house that fits your needs apply anyway and we will find one for you. Simply let us know the type of work you can do.
2) You inspect the house as much as you like.
3) Any items you do not wish to do will be spelled out in the agreement and we will get this work completed for you.
4) You must be 100% satisfied before any paperwork is signed. Read the agreement carefully and be sure you are ready, willing and able to get the work done.
5) Credits are granted to you at the beginning secured by a Promissory Note, Failure to complete the work means you will owe us the money to complete the agreed work. Once the work you agreed to is completed we inspect and if acceptable the note is marked ‘Satisfied’ and your grant is complete. This is all detailed in your agreement.
You Can Own A Home
This is a great opportunity to get down payment assistance, and we're always looking for ways to help people become homeowners. Let's be real, saving for a down payment can be tough in today's world, and if you have the skills and can get help from family or friends, it's like a barn-raising in the old days. Everyone pitches in for a day, the job gets done, and you receive the grant. We would have to spend money on renovating the house anyway, so why not give it to you in exchange for your work?
This is part of our win-win philosophy to have long-term great clients.
Again, “ Work For Equity ” Grant credits can be earned for work as small as planting landscaping, minor painting or repairs, all the way up to finishing off a garage or a basement. You choose! The more you are willing to do the larger the grant credit can be.
To learn more about this great way to get an instant grant and get a home today you can contact us and let’s get started. We’re happy to answer all your questions. You have no obligation to participate unless you feel this program is right for you.
Page updated
Report abuse