NY Home Owners

"Helping more New Yorkers become Home Owners." tm

Email: casey@kcmac.com

  Last Updated: 

February 18, 2010

 

This year, don't just SPEND your tax return....INVEST it in a home of your own.   

Enroll in our "Find me a home" Program.

 

"We got our home four years ago.  Our assessment has increased by $10,000 and our purchase price has decreased by over $5000.  This deal is better than a mortgage!  Thank you NY Home Owners!"  

Kurt and Sara, Lodi, NY

To get an email of our next house before we advertise, 

please fill out our SURVEY.

View our recent homes

See our available homes. 

Map to NY Home Owners Office

Over the years, we have helped over 60 families become home owners. Currently, we are helping 100+ families work toward home ownership. We can help you too!

 
Introduction:  Generally, people who own their home take better care of it than renters.  If you are renting, why improve the landscape or paint the garage or get too involved in reporting illegal behavior in your neighborhood?  But as a  home owner, people are more concerned about caring for their home and their community.   

Sub-Prime Credit:  Are your credit scores less than 700?  If so, you have "fair" credit and getting a decent loan to buy your home home becomes very difficult.  NY Home Owners works with people with "fair" to "poor" credit and helps them become homeowners.  We match "sub-prime" buyers with "sub-prime" homes.  This way, we give you the chance to invest in yourself and your community while helping a "needy"  home become a "nice" home.

Sub-Prime Homes: These are homes that need work.  If you are willing to work on these homes, NY Home Owners can help you become a home owner.   Get on our email list to hear about available homes, get credit advice and other helpful information. 

"When you succeed, we succeed!"

- W. Casey McDonald, Founder NYH

 

NY Home Owners is not a charitable organization.  We are a business.  We make money by finding the right people for the right house.  We use our good credit and reputation to buy a home that needs work.  Then we can sell that home to a family that is willing to do a large portion of the work the home needs.  

We work mostly with houses that need repair and sell them to people who usually can't buy a house through conventional means.  We help you every step of the way to be a successful home owner.  Need help installing a new furnace?  or a roof? or replacing a bathtub?  We're here to help.  Plus we help you finance your home and we help you apply for any grants that may help you buy or repair your home or even reduce your property taxes.

Sound simple enough?  We try to be fair, friendly and firm and treat you the way we expect you to treat us.  If you succeed, we succeed.  We're here to help you succeed! 

Here's how most of our deals work:

  • You visit a home we have available and decide you are ready for the challenge of meeting a majority of the repair needs. 
  • You give us a cash deposit.
  • We check your credit to see if you have a recent history of paying your bills.  Many of our clients have credit score in the mid 500's.  And sometimes we work with people without running a credit check.  
  • If your application is declined, we return your deposit minus $25 credit check fee.
  • If you are accepted we enter into a "rent to own"  "lease option" agreement.  Your cash deposit is then non-refundable.  The price we agree to in our agreement guarantees you a fixed price for your home as long as you obey our "Four Rules". 
  • We help you build a down payment.  We apply a portion of your "net rent" to a down payment on your home. If your rent is $600, for example, a portion of your rent goes to pay the taxes and insurance on your home. Your "net rent" would be about $325 per month and you'd receive a $25-$100 credit each month toward the down payment on your home.  Your monthly rent is a low as possible, but you can choose to pay a higher amount and build your credit toward principle faster.  This monthly credit far exceeds any principle pay-down you'd get in a conventional 30 year mortgage.  Plus, it quickly adds up to thousands of dollars so you have the 10-15% down payment for your home.   
  • Amortization Schedule.  When you borrow money from a bank, a portion of your loan payment  is applied toward interest and a portion toward principal.  Click here to see an example of an amortization schedule.
  • We help you get a Mortgage Loan.  In about 3 years, if you pay every month on time, you can accrue enough rental credits to serve as a down payment.  Then we put you on deed and you become the official home owners.  You can choose to work with a bank for your mortgage at that time or we will become your bank and give a you a mortgage.
  • We help you with repairs.  We help guide you through any repair issues your home may need.  We are experts at home repair and can help you upgrade your electric, meet your plumbing needs, weatherize your home or replace your roof.  We are happy to perform repairs for you, but the price of your home will increase accordingly. If you don't have the money for a major repair, we will loan it to you at 10% over 60 months.  That means if your furnace goes out, and replacing it costs $3000, your rent will increase about $60 a month until the loan is paid off and then your rent will go back down.  
  • We help you secure all code permits.  Working closely with code is important to us because it keeps your family safe.  We insist that all repairs done to your home meet or exceed NYS Residential Code standards.
  • We help you apply for various grants to weatherize and improve your home.
  • We help you apply for tax reductions and home purchasing programs and grants. 

  • We ask the families we do business with to follow our Four Rules:

    Obey the law.

    Pay your bills.

    Be a good neighbor.

    Don't lie to us.

    OUR FOUR RULES

           1.  Obey the law.

    Do you obey the law?  We require that your household be drug free.  We also require that you do not understate your house hold income to any agency that provides your family money.  

          2.  Pay your bills.

    If you don't pay your bills, your credit report may be affected.  What kind of credit do you need?

    We work with people with all levels of credit.  Are you willing to pay your bills?  We will work with you to help you own a home and repair your credit.  Its that simple.  Some homes need a lot of work.  If you put the work in that home, you can own it without a credit check.  

    At the same  time, know that we do not have the ability to delay eviction proceedings if you don't pay us.  We work with people in emergency situations, but we begin the eviction process if  people fail to contact us when they have an emergency and don't pay us.  Bottom line:  Work with us and we'll work with you.

            3.  Be a good neighbor.

    Do you vote?  Do you keep your yard clean?  Do you respect your neighbor?  Do you report suspicious behavior on your block including drug deals, vandalism and domestic violence?  These are some of the things people do to improve their community.  Some of the neighborhoods where NY Home Owners has housing have serious need for people to be good neighbors.  Keeping your neighborhood improving in safety and value means you do your part.  NY Home Owners helps you keep the outside of your home maintained so that your home improves value of the homes next to you.  Plus, we help you work with your neighbors to keep your community safe.  Being a good neighbor is an important commitment which helps your reputation and the reputation of NY Home Owners.

         4.  Don't lie to us.

    When you have a problem, we ask that you be up front about it with us.  This way we can help you.  You will need to keep your word in the same way that we do.  At NY Home Owners, we do what we say we will do.  Are you ready to do the same?  Do you have problems with the law?  Tell us.  We might be able to help.  You'll be surprised how much  can be done to solve a problem when you involve our advice and assistance.  Lying to us effects our ability to trust you and to work with you.  Tell us the truth even if its embarrassing.  We can only help if you tell us what's going on.   

     

    Want to learn more?  

    Email: casey@kcmac.com

     Write:  

    NY Home Owners

    Box 1  

    Romulus, NY 14541 

     

     

    		"We're here to help you succeed at being a NY Home Owner.  Follow our four rules and we're here for you every step of the way."

    -Casey

    W. Casey McDonald

    Founder of 

    NY Home Owners

    Please fill out our survey and get on our email list.  

  
   

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