Comprehensive Property Guide

Please note, America 2nd Chance will only consider purchasing homes which are located within our approved communities. America 2nd Chance is focused on resident affordability and increasing the likelihood of our residents’ success in purchasing the home. We target the broadest group of communities where we think both our residents can succeed and America 2nd Chance can efficiently service their needs. We adjust our investment criteria from time to time in response to market conditions including home price appreciation forecasts, mortgage affordability, population density, and more. The following guide lists our approved high school attendance zones* as of 10/22/19 which can also be found at America2ndChance.com/communities.Please contact 502.433.9522 with any questions or for more information.

Basic Property Criteria:

• Single family home

• Located in an approved community

• List price between $100,000 and $500,000 purchase price

• Minimum of two above-grade bedrooms on a lot of two acres or less

• Traditional sale or FSBO

Remember: It is not guaranteed that America 2nd Chance will purchase a home that meets the basic property criteria. Please reference the Property Qualification Criteria guide before submitting a home for review.
*Important Note: While high school scholastic ranking is not a factor in our analysis, we utilize high school boundaries as our community outlines.

 

 

The Lease Purchase Program (“Program”) is offered and administered by America 2nd Chance, LLC. Resident and property must meet eligibility requirements, which are subject to change. Resident must qualify for a mortgage from a third party lender or pay the purchase price in cash to exercise the right to purchase a home. America 2nd Chance does not provide financing for the resident to purchase a home. America 2nd Chance’ approval for the resident to lease a home does not mean that the resident will later qualify for a mortgage.