Photo by Andrew Wise on Unsplash

Although, Home ownership is one of the best ways to generate and preserve wealth, yet, it has never been harder to become a homeowner. On one hand, Home prices increased exponentially across the Country in the last few years and on the other hand, rising mortgage rates have made it even harder for hardworking American families to qualify for mortgages.

Utopia Homes: www.UtopiaHomes.US

There are over 45 million families in the USA that are renting their primary homes and if given a choice, will love to buy and own their homes. These 45 million families are getting left behind in their journey to generate wealth through home-ownership and so, further worsening the rich-poor divide in the country.

However, now, all these families which are not mortgage ready yet (because they don’t have: a) the perfect credit score to be eligible for Mortgage b) the boatloads of cash to make the downpayment for their dream home or just because they want to try out the neighborhood for sometime before they buy the home) have a very attractive and innovative option to “rent to own” their homes. That option is Utopia Homes’ “rent, earn and own” program. Under this program, once approved (Application is free), you can select the home of your choice, Utopia Homes buys it for you and now you can rent it with an option (not an obligation) to buy it as/if/when you are ready. You can learn more about how the program works here or at the bottom of this article.

However, now, all these families which are not mortgage ready yet (because they don’t have: a) the perfect credit score to be eligible for Mortgage b) the boatloads of cash to make the downpayment for their dream home or just because they want to try out the neighborhood for sometime before they buy the home) have a very attractive and innovative option to “rent to own” their homes. That option is Utopia Homes’ “rent, earn and own” program. Under this program, once approved (Application is free), you can select the home of your choice, Utopia Homes buys it for you and now you can rent it with an option (not an obligation) to buy it as/if/when you are ready. You can learn more about how the program works here or at the bottom of this article.

Utopia homes expedites your journey to become a homeowner by a few years as:

Utopia was founded with a mission to make homeownership accessible to all. Its unique “Rent, Earn and Own” Program has been designed for those hard working individuals and families which want to achieve an American dream of owning a home but are not mortgage ready yet. Utopia tries harder than anyone else to get you into your dream home and as a real estate technology company, is driven by the ESG (Environmental, Social and Governance) principles and has a deep focus on social impact by helping people become homeowners and achieve a slice of their American dream.

The company is backed by 3X founders who have multiple decades of experience in real estate finance and technology with companies like Bank of America and Citibank where the founding team helped over 1,00,000 families get their dream homes. During this journey, the founding team understood even better the emotional need of a family to own a home along with the financial independence and the wealth generation that happens for home-owners. So, all the learnings from these rich past experiences went into building Utopia with a singular purpose of making home-ownership accessible to all. So, please do check out Utopia Homes if you are not mortgage ready yet and want to become a home-owner as soon as possible.

How does it work?

1. Get Approved

Apply for free in less than 3 minutes to find your home buying budget. Applying has no impact on your credit score and is non-binding to you.

2. Find your Utopia home

Once you are approved for a home buying budget, you can find your dream home (with our real estate agents or yours) that qualifies for our program.

3. We buy your Dream Home

We help you in beating competition by buying your dream home at very attractive rates because of our all-cash offers and deep expertise in real estate. You make an initial payment of only 1% to 2% of the purchase price of the home. This goes to your “Utopia Wallet” savings for your future down payment. We not only pay for your dream home in cash but also cover other fees, closing costs, taxes and insurance expenses.

4. Move-In and Earn

Rent your home while we work with you to make you a Homeowner. Our innovative “Wealth Builder” program turbo-charges your monthly savings for Down Payment by sharing with you the gains from Home Price Appreciation and from rental profit. Your monthly payments also include built in saving contributions to your wallet so that you could have enough money to make down payment in 1 to 3 years. If needed, We also assign you a credit coach to improve your credit score.

5. Buy & Enjoy

Whenever you are mortgage ready with enough savings in your “Utopia Wallet” and a good credit score, you can buy your dream home from us. And, for some reason, if your plans have changed then you can move out (with an agreed upon notice period) and keep all your monthly contributions to your “Utopia Wallet”.

For any questions or comments, Please feel free to contact us at: Hello@Utopia.cx