If the thought of a down payment and a mortgage has a tendency to spike your heart rate, you can take a deep breath. When you finance with Trio, there is no down payment required from you. Our fees include:
Don’t worry, you won’t be shocked by any surprise fees as Trio gives you an estimate before you sign your lease that includes all amounts specific to your contract. Use our Comparison tables to estimate your costs.
*This assumes a full 3% seller credit on your contract. In some cases, last month’s payment may be required due to underwriting guidelines.
Trio is much less than a mortgage, but you still have to pay the typical home purchase costs – for a home inspection and an appraisal if your negotiated home price doesn’t match appraised value.
Just like with any other home purchase, you have to fund the earnest money that is typically 1% of the home price. These funds are a deposit for the seller confirming you are serious about closing. When Trio accepts the home and you sign your lease, these funds are credited to you and offset your Trio move-in costs.