OWNOPTION

PROGRAM

Looking to learn more?

Reach out to an Essex Mortgage Professional. 

Currently renting? You could turn your lease into a mortgage.

Looking to learn more? Talk to an Essex Mortgage Professional. 

WHAT IS THE ESSEX OWNOPTION PROGRAM?

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!

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.

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

2200 W. Orangewood Ave. Ste. 150

Orange, CA 92868

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Data Mortgage, Inc. is an Equal Housing Lender doing business as Essex Mortgage. All loan programs, terms, and rates are subject to change without notice. Additional terms and conditions may apply. Essex Mortgage is not an agency of, nor is it affiliated with the federal government or any other entity referenced herein, except Essex Mortgage. Essex Mortgage's corporate office is located at 2200 W. Orangewood Ave. Suite 150 Orange, CA 92868 Tel: 714-935-2581; Loans made or arranged pursuant to a California Financing Law license. CA Department of Real Estate License #00936013; CA Department of Financial Protection and Innovation License #603G833, NMLS #70377 . Georgia Residential Mortgage Lender Licensee #23621. AZ #0943121, ME #70377, NV #3487, WA #CL-70377.  For licensing information, go to www.nmlsconsumeraccess.org