Fees and Terms

Empire Options strongly believes in helping people. When searching for your home, one of your goals should be to look for a good value. Our real estate professionals are very skilled at finding good values and will be there to aid in your search.

One of the most beneficial reasons to become a part of Empire Options “You Pick the Home“ program is being able to lock in the price of the home. To lock in that price you pay an "Option Fee". The option fee is as follows:

Option Fee - Equal to Monthly Lease Payment!
(fully refundable upon purchase of home)

The option fee will act as a deposit and will be credited towards the purchase price of the home at the end of the term. This will help add to the equity that you will gain by utilizing our program to help you achieve home ownership.

You will have the right to purchase your home anytime in your second year of occupancy for a predetermined purchase price agreed upon upfront (usually for the equivalent to today's market value).

Why is this valuable to YOU? We wanted to ensure our tenants are receiving the best price for their future home. So, to make sure that we are relevant and up-to-date with the current economy and market conditions we continue to adapt our program to give you the best advantages and benefits.

Also, as an added bonus, 5% of each on time monthly payment shall be credited towards your final purchase price.

You will also Receive:

- Access to Credit counseling and repair for the entire 2 year term.

- Full access to qualified lease option specialists for any questions or concerns.

- Monthly e-newsletters with information for our housing market and steps to success for achieving home ownership.

- Access to our certified loan specialists to help you attain home ownership at the end of the lease term.

Monthly Payments:

Your monthly payments will be calculated just like a mortgage, based on a fixed interest rate, amortized over 30 years. You will also be responsible for the property taxes and insurance, just as you will when you purchase the home. For your convenience all this will be lumped together into one monthly lease payment. So you won't have to worry about writing 3 checks every month.

This fixed rate will be 8.495%. Click here for a loan calculator to help you form a clear picture of what your actual payment might be.To help you determine a comfortable price range as well as a monthly payment you will meet with one of our highly qualified loan officers who will provide excellent guidance regarding the amount of the payment you should expect.