Welcome to Kalamazoo Neighborhood Housing Services, Inc (KNHS)
KNHS Lease Purchase Program
Do you want to own your own home? Do you have a desire to clean up your financing and start living ahead of the curve? Are you ready to be a responsible homeowner in Kalamazoo? KNHS’s Lease Purchase program may be just for you. The KNHS Lease Purchase program allows you to repair your credit, save a down payment, and walk through the home buying process with professionals…all while living in the home you want to purchase. KNHS’s Lease Purchase program is designed to help individuals and families realize their goal of Home Ownership.
Our Lease Purchase program assists low to moderate income individuals and families purchase homes in Kalamazoo. Our program is designed to help you realize your goal of homeownership in 12 to 18 months. We buy homes in central Kalamazoo City neighborhoods, rehabilitate them, and place these homes in our Lease Purchase program. Participants of the Lease Purchase program move into the home they would like to purchase. While living in the home participants work with The KNHS Team to become informed responsible homeowners.
Lease Purchase Program Guidelines:
- 2 Years of steady employment / income
- Option fee equal to 2 months of Fair Market Rent
- Savings reserves of > $500
- Credit Score of > 580
- Attend regular meetings with financial coach
- Continuous progress toward mortgage readiness
this project is done in partnership with the city of kalamazoo
KNHS Lease Purchase homes
744 Forest
-Located in The Vine St. Neighborhood
- 3 Bedroom 1 Bathroom
- Hardwood Flooring Throughout the Home
- Newly Renovated Kitchen with New Appliances
- Michigan Basement with Washer and Dryer Connect
-
Move-in Ready
1123 Mason
- Newly Built in 2006
- 3 Bedroom 1.5 Bathroom
- Attached 2 Car Garage
- Finished Basement with Washer and Dryer Connect
- Move-in Ready