What happens if I’ve prepaid my rent? SimplyHome would prorate the rent charge to the vacate date and apply the security deposit to any turnover charges (if applicable). Additionally, because you'd participate in the program, SimplyHome would not charge an early termination fee.
Any remaining funds would be sent back to the resident within 30 days of vacating the property.
What are closing costs? Closing costs are the expenses that buyers must pay in addition to the price of the home. They typically include processing fees, property taxes, title insurance, and other similar charges. It’s common for closing costs to account for 3 to 6% of the total loan amount. How soon can I use the flexible lease component of the Next Move Program? SimplyHome renters can easily end their rental agreements without penalties when they use the Next Move Program. Participants must rent for a minimum of three months before becoming eligible, They must also provide 30-day notice before they terminate their lease when purchasing a new home through the Next Move Program. Can I combine the Next Move Program incentives with other active sales offers? The Next Move Program incentives aren’t stackable with any other short-term incentives except for the Hometown Heroes discount (closing costs only), which is available for local teachers, medical professionals, active-duty military members, police personnel, firefighters, and more. What else do I need to know about buying a home? Purchasing a new home is one of the most exciting experiences of your life. With that said, there are several key steps every first-time buyer should know when they get started. One important factor is credit score. Ranging between 300 and 850, a credit score is used to determine a person’s “creditworthiness” and is impacted by their payment history, amounts owed, length of credit history, types of credit used, and new credit. A typical credit score for loan approval is 640+.
Another is savings! People who can put money toward a down payment have a great head start in acquiring the home they’re looking for.
Have more questions? Get in touch with our Online Sales Professionals to learn more — and use our handy step- by-step Homebuying Guide and our easy-to-use keyword list to learn the basics before you find the perfect home.
*The Next Move Program is an exclusive offer for qualifying SimplyHome customers purchasing a qualifying home from Legend Homes. This flyer must be presented at time of purchase. Legend Homes reserves the right to change prices, incentives, plans & specifications without notice. Buyer must utilize First Choice Lending Group to receive closing cost promotion. Total Closing Cost contribution subject to Seller’s contribution limitations based on Mortgage Programs and loan to value guidelines that are outside Seller’s control. All Loans are subject to loan qualifications of the lender. Rates, terms and conditions are subject to change without notification. Certain loan programs may not qualify for the full incentive. Any unused portion of the funds cannot be applied to cost of home, options, elevation premiums, or lot premiums. Any unused portion will be forfeited. Additional conditions or restrictions apply. Offer cannot be combined with any other incentive offered. See a Legend Homes Sales Professional for more information. 8/2024
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