Eado (Houston) rent-to-own and owner-financed homes with no credit check
If you are into a vibrant lifestyle, the neighborhood of East Downtown near Houston – popularly known as Eado – is where you should buy a home. The high demand for housing has led to the area’s makeover over the past few years. East Downtown features many popular restaurants, shopping malls, gyms, bars and diners. What makes Eado the most sought-after destination for families is the fact that despite all this commercial development, it is one of the most walkable neighborhoods in Houston. What it means that the new developments haven’t disrupted the area’s original feel. The icing on the cake is its close proximity to downtown Houston.
For credit-challenged home buyers, rent-to-own and owner financing homes are available in EaDo. We can help you learn how to buy any Eado home with no credit check. Explore the Eado home listing below and fill up the form on the property listing page. A qualified Shop Owner Finance realtor specializing in East Downtown neighborhoods will promptly get in touch with you to help you secure your dream regardless of your credit situation.
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Why to buy a rent-to-own or owner financed home in East Downtown
Here are a few reasons why you should consider buying a home in East Downtown:
Accessibility and affordability
East Downtown borders downtown Houston on the east, making it one of the most accessible areas. All the major employment centers of downtown Houston are in close proximity. It is for this reason that Eado neighborhoods are popular among professionals. Unlike other places where owning a car is a must for commute, The METRO Rail makes public transport in Eado convenient. Some of the notable places in and around Eado area Discovery Green Park, Minute Maid Park (Astros), the George R. Brown Convention Center, the Toyota Center (Rockets), the Houston Pavilions, the Texas Medical Center, the Houston Ship Channel and The Shops at Houston Center.
You can buy a home here without breaking the bank as the median home price is just $260,000. Given the close proximity to downtown Houston, Eado homes will be considered a bargain deal. A high affordability level can be advantageous when you are buying a home with bad credit. It will be easier for you to arrange for a large down payment. When you don’t have an optimal credit score, a large down payment will play an important role in getting you approved for alternative financing options such as owner financing.
Home to the BBVA Compass stadium and Minute Maid Park, East Downtown is one of the most vibrant places near Houston. If you love street art, Eado is the place to be. East Downtown streets are dotted with beautiful murals. Over $300 million have been poured into the commercial development of the area by the authorities as well as the private players over the past few years. New cafes, restaurants, bars, gyms, diners and clubs have changed the area’s vibe.
A wide selection of homes
You can find a home in any budget in Eado – from $200,000 to $2M. Whether you are looking for a single family home or a condo, you will have a lot of options to choose from. Townhouses are one of the most popular property types among home buyers.
Eado real estate market trends
Buying real estate in Eado is likely to get you a good return on your investment because the area has witnessed a steep increase in the price per square feet over the past 10 years. Various reports estimate a 150% increase which is attributed to the fast commercial development of the area. Given the high demand for residential properties, the demand will likely remain strong.
As already mentioned, the median home price is $260,000. You will find about 150 homes listed for sale in Eado most weeks.
How to buy a rent-to-own or owner financed homes in Eado with bad credit
Buying a rent-to-own or owner financed home in Eado with bad credit is a viable option if you can’t obtain a mortgage from a conventional lender. These two options require no credit check or income verification, so they enable you to buy Eado homes even if you are self-employed, a foreign national or someone who can’t get approved for a home loan due to credit challenges for any other reason such as bankruptcy, foreclosure or bad credit history.
Get in touch with us today to start your home buying journey regardless of your credit situation.