Essex is offering a new path to homeownership that is affordable, realistic and attainable. Called the OwnOption program, it allows you to lease a home with an option to purchase. What makes this program unique is that you are building equity with every payment. Plus, the purchase price is locked in for the term of the lease, which is 3 years. At that point, you can either qualify and assume the current loan, or apply for a new one. You can select a new home, or a quality used home in the area you want to live. It is that simple!

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WHY GET THE ESSEX OWNOPTION PROGRAM*?

The Essex OwnOption Program can benefit borrowers in the following ways:  

• FICO scores to 580

• 50% debt to income ratio
• Affords you the opportunity to rebuild your credit
• Build equity before you are ready to purchase
• No down payment and low move-in costs

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*Currently available in CA, NV, AZ, CO, TX, and GA