3 options to pay the option payment

[Craig Smith]

I am not sure if this is the right place or not but I wanted some input into any obvious issues with my lease option offers to the tenant buyer that earns plenty of income but doesn't have the cash right now and wants to improve credit before purchasing but would like to lock in the price as our market is still struggling with inventory.  I am charging a slight premium over the list price of the house to lock in the price 2 years in the future and giving him 3 options to pay the fee for the option to buy.

Option 1: 3.5% Payment for the option to purchase the property within the next 2 years. The 3.5% would be due with the first months rent before move in. This would help you potentially qualify for an FHA loan when you execute the purchase option.

Option 2: 5% payment for the option with the option payment spread out over 12 months from the 2nd month until the 13th month. This would give you more loan options other than just FHA when you execute the purchase option

Option 3: 4% payment for the option to purchase with the option spread out quarterly with the first payment due with the second months rent.