Sunburst does not rent to own. Instead, we provide owner financing for homebuyers.
Interest rates are calculated on an individual basis and are only quotable by a licensed loan officer. All payments and interest rate calculations will be provided to the prospective homebuyer prior to any final commitment.
Payments are calculated on an individual basis, amortized over a 25-year term.
Most of our properties do not have lot rent. Buyers will own the land and the home.
No, most of our properties do not have homeowner’s association dues. On the rare occasion that there are homeowner’s association dues, these tend to be either voluntary or are minimal in their amount.
Yes, all purchases require one year of pre-paid homeowner's insurance prior to closing. All future payments will be escrowed into one payment of principal, interest, taxes, and insurance.
Yes, all property purchases enable you as a homeowner, living on the property, to file for a homestead exemption.
Pre-qualification consists of a completed loan application, a credit check, and documented proof of income. Once submitted, applicants will generally receive a response from the pre-qualification process within 48 hours.
From application start to finish we can usually close a property in approximately 14 business days.
Bumps and bruises in the credit score are dealt with on an individual basis and are not necessarily detrimental to the process.