Welcome to Money in the Bank, Inc!
Money in the Bank, Inc. is similar to Habitat for Humanity but not the same! Habitat for Humanity is a nonprofit and we are for-profit. We have purchased house, land, property all over the state of Arkansas. We quite often will clean and repair these properties, and return them to society as mended wagons. We frequently provide buyer's with monthly payments terms that you can easily afford as part of the terms of doing business with us. We try to provide housing to hard working folks who would not normally qualify for a mortgage but can afford reasonable monthly payments.
When we give moderate income people a shot at the American dream of home ownership, we find that a person who owns their own home takes better care of the house, looks out for their neighbors, and becomes a better citizen in the process. The children do so much better in school because they now have a home of their own and are no longer moving from house to house, school district to school district.
If you’re ready to be a Proud Home Owner and have saved money for a down payment or you have a trade for your down payment, give us a call. We will work with you if you’re planning to build, looking for property to put a mobile home on or a house to move into please give us a call. We will work with you on your monthly payment to fit your budget.
How can you do business with us?
If you have a letter from a bank or lender who has preapproved you for a loan, then you can make an offer and we go thru a normal closing process.
Don't have Cash or been preapproved, or have credit issues that need to be repaired?
Then we will offer to lease to you with a Contract for an Option on the property. This allows you live in the house before you buy. With the Contract for an Option, this agreement allows you to lock in todays price, and gives you time to get your credit issues repaired, be it one year, two, or up to three years! This lets you live in the property today, knowing what the price is for the house when you can afford to buy. If you have any question please call us.
We will lease to you at a number that would be close to the term your monthly payment would be , (be it 10, 15, 20, or even 30 years) and then will help/refer you to a company that will help to get your credit either repaired, established or restored. This process normally takes 1 to 3 years and after your credit is repaired then we help/refer you to a mortgage company/or bank to get refinanced. It's much easier to get Re-financed than it is to get a New Loan.
When you purchase from us you will be buying the trust that holds the property that you may be interested in. All of our properties are held in individual trust. You will be contracting to buy the beneficial interest in that trust and the direction over it once the agreement is paid in full. When you pay off your agreement then you can have the Trust Deed the property to you or any one of your choosing or you can have someone else become the trustee, replacing us. Your choice.
In some cases when a buyer does not have enough money for a down payment, then we will do a deal that is a lease and a contract for an option to purchase. This gives you a chance to test live in the property before you fully commit to the purchase of the trust.
We also offer a trade up program, if you start with us and wish to trade your equity in the trust on a different trust that has a house or lot or acreage in it (one that is larger, nicer, different school, nicer area) then you can do so with us. We have done this with several of our buyers! Call us for details
We also offer a buyback program: If you are transferred or you need to or want to move, then we will buy back your interest in the trust that you have purchased thru us. Call us for details. Each deal is on a case by case basis.
Prices listed for various trust that hold properties and homes for sale may be changed at any time without further notice.
We reserve the right to change our prices at any time without further notice. We sell through a number of different online channels and we cannot always control when they are updated. We reserve the right not to accept a price listed on a site other than our own.
We also offer a Star Tenant/Payer program that if you have paid us on or before your due date for 12 straight months and you lose your job; we will carry you while you find another job! What this means to you is this; if you lose your Job then you will not lose your home!!! Call us for details.
Notice If you rent from us, we will give you one month Free Rent!!! Condition are The 13th month is free when you have a 1 year lease and you have paid your rent is paid on or before it's due date. Call us for what properties are details.
What our clients purchase:
-Inherited real estate -Owner financed real estate notes and mortgages -Life Insurance Policies -Settlements and Annuities -Lottery Winnings