Not ready to buy just yet? What about rent to own?

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Use these guidelines to better understand what to expect when finding and financing your new home with Trio.

Maximum Monthly Payment:
Your approval letter provides the maximum monthly payment you are approved to finance with Trio. Use Trios mobile app to estimate your payment based on the home price of the home you select. The maximum home price provided is an estimate only, your selected home will likely be different due to price, property taxes, HOA dues, actual closing costs, home quality and location.

Qualifying Home:
Trio finances quality homes, both new and old, of all shapes and sizes, but does consider newly constructed and homes built within the most recent 10 years, or homes substantially renovated within the last ten years, to be the most desirable for Trio customers. Before submitting an offer, see Locations on thinktrio.com to confirm your selected home is located in a qualified area and does not exceed the indicated maximum home price.

It is CRITICAL that you select a quality home that will meet Trio qualifications and is priced at or below market, is located in a Trio qualified market, and is also priced below the area FHA loan limit plus 3%. If not, you could end up paying additional costs for inspection, appraisal and other fixed costs on a home that Trio cannot finance.

Making an Offer:
Have your real estate professional include the Trio Assignment Addendum with your offer to purchase. Trios addendum provides language to include Trio as an acceptable financing method for your new home as well as the ability for the purchase agreement to be transferred to Trio for closing. Other items to be included in your offer should also be addressed and by working with a Trio Preferred Agent they should be knowledgeable about how to construct the offer.