1. Explore

if a lease-to-own solution is right for you. Based on your financial history and life goals, leasing through Drossman Group could be the perfect fit.

2. Educate Yourself

by taking advantage of the home ownership educational tools provided by Drossman Group to help you become financially savvy.

3. Establish

a solid foundation by leasing with Drossman Group. We’ll help you save for a down payment and secure today’s prices and interest rates for tomorrow.

4. Empower

yourself to take control of your financial future and contribute to a rich community of like minded homeowners thanks to Drossman Group.

Traditional Lenders Path to Home Ownership

When you think about buying a home, you immediately think about a mortgage and everything that goes with it. There’s a lot of preparation that can take a year or more for a family to get in place.

We break this down into three simple terms:

• Credibility
• Ability
• Stability

Credibility
In a typical mortgage scenario, your credit score is the gatekeeper. It indicates your track record with past creditors and can be a good indication of how diligent you’ll be in paying off your mortgage. If you don’t have their minimum requirements met, you typically can’t move forward with the vetting process.
Ability
Along with your credit, lenders typically consider your monthly income as part of the underwriting equation. Do you have a healthy amount of cushion, after all your other expenses, to pay your mortgage every month?
Stability
With a good track record and cushion in your finances, the final part is your stability. How long have you been with your current employer? What about your spouse or co-signer? What about your previous employer before that? Do you move often? Do you have a healthy nest egg for rainy days? These basic questions round out your overall financial stability profile.

Overcome all these hurdles and you’ll be well on your way to closing on your new home. Of course, this is a simplified overview, but it builds a foundation to contrast with our home ownership approach.

A Different Path to Home Ownership

We are not afraid to pave your way to home ownership. Our underwriting is different, especially when it comes to credit scores. There’s much more of a human element to our process. We understand that life happens and really dig into each situation to unlock the whole picture. We are on your side.

Stability and Ability Trumps Credibility

In contrast to a traditional lending institution, our system gives much less weight to your credit score. We view it as an indication of your past performance, but not necessarily your future potential. If you’ve been on your job for some time and make enough money to afford the home of your dreams, we can most likely make it happen. In fact, we have a 99% approval ratio.

How Do We Do It?

To get started, apply, get approved, then tour your dream home. When you’re ready to commit, an initial payment of $2,000 is due that includes your security deposit and the option to purchase fee. Our program establishes you as a renter of a Drossman Group home for two years. Think of it as a dating period where we can get comfortable with the arrangement and you can demonstrate your ability to make payments as agreed. After your two-year rental period is finished you can exercise your prepaid option to purchase. The security deposit portion of your down payment is transferred into a credit towards the purchase price of your home. In addition, we award you an additional 2% credit based on the purchase price we agreed to when you moved in. This purchase price commitment by the Drossman Group team protects you from the rising cost of real estate while you are renting for two years.