Trio Lease-to-Own Program
NRHA is proud to announce the lease-to-own program with Trio, as it will enable us to help even more Nevadans achieve their dreams of homeownership. The benefits of homeownership are far reaching – from an individual’s ability to build long-term wealth to a community’s success in economic growth and sustainability. This program will provide an affordable, secure path to homeownership when traditional mortgage financing is not attainable.
Trio’s mission is simple: to create more homeowners. Its modern lease-to-own program is designed for potential homeowners ranging from first-time buyers to small business owners. Trio is also a wonderful option for those with a non-traditional income, recent college graduates, and renters wishing to become homeowners.
Trio’s lease (traditionally 3 years) provides a long-term solution for potential homeowners allowing them to choose and live in the home of their choice, while building for its purchase in the future. Everything Trio provides preserves affordability for the customer and assists them in their dream toward homeownership. Throughout the lease, Trio provides financial coaching to ensure current customers become mortgage ready and achieve homeownership. At the end of the lease when a customer is ready to purchase the home, Trio will gift the earned equity in the home to be used toward the down payment. And although the home may have appreciated in value, Trio’s home price is locked in at 1% over cost of the lease.
The Trio Advantage:
- Free application
- No down payment required
- Fixed monthly payments
- Financial coaching and homeownership tools provided
- Earn equity during the lease
- Purchase at any time
- Lock in purchase price for 5 years