Your 7% Option Consideration will get credited to you once you obtain your mortgage. Berry-Rock collects it within 3 days of putting a contract on the home you select. If it is not funded within 3 days of the contract we will automatically cancel the contract and you will be ineligible to go through our program with another house. Due to this policy please be sure to have all funds available for your 7% Option Consideration at the time Berry-Rock places an offer on your home. Once you become mortgage eligible and purchase the home back from Berry-Rock it counts as earnest money with the Guaranteed Right to Purchase.

The monthly payment is your out the door rent payment. The only other charge you might be responsible for is the HOA fee if the neighborhood you select a house in requires an HOA fee. If this is the case the HOA will be added to your monthly payment. There are no other monthly obligations. Berry-Rock Homes is simple and transparent, you will only pay the quoted monthly rent payment and nothing more until you buy the house from us. (note that monthly payments do increase 3% every two years) 

Yes, .1% of the original purchase price is credited monthly to reduce the amount of money you owe. Example: on a $100,000 home, the monthly credit would be $100. ($100,000 X .001 = $100).

Berry-Rock Homes does NOT charge any fees or application charges other than the 7% Option Consideration. They simply require 7% of the home price for your Option Consideration and then you pay the quoted monthly payments. We negotiate closing costs to be paid by the seller.  No surprise charges!

NO, Berry-Rock Homes does not provide loans and they're not hard money. They are a Gap program between now and when you can qualify for a mortgage. Berry-Rock Homes buys the home in their name, leases it to you, and gives you the guaranteed right to purchase it when you become mortgage eligible. They also report your good payment history to all three credit bureaus to help you qualify for a mortgage quicker.

No, we will ask for the seller to pay all closing costs so the only thing you have to pay before the acquisition is the 7% Option Consideration. If the seller refuses to pay the closing costs you can either make up the difference or find another home.

Yes, pets are allowed with verification of a renters insurance policy that covers pet related incidents! Unfortunately, due to their insurance pit bulls are not allowed.

Yes, the minimum for each market is as follows:
Kansas City - $100,000
Oklahoma City - $100.000
Tulsa - $100,000
St. Louis - $100,000
Indianapolis - $100,000