Model Home Leaseback Program
The George Mason Mortgage Model Home Leaseback Program is a unique mortgage product that allows a homebuyer to purchase a builder’s model home and lease it back to the builder for income.
There are many potential benefits to purchasing a home using this product. Model homes are often upgraded, furnished and/or fully appointed. And, with George Mason Mortgage’s Model Home Leaseback Program the house generates rental income from a pre-determined lease amount and may incur lower property maintenance costs during the leasing period. The builder can continue to use the home as a marketing tool to sell similar homes in the development while you enjoy potential home value appreciation and potential tax advantages. With this program, the buyer must certify intent to occupy the property as their primary residence once the lease expires.
If this product sounds like it could be the answer you’ve been looking for, contact a George Mason Mortgage Loan Officer today for further details and take one step closer to the home of your dreams.