Our Program

Are you ready to start your exciting journey towards owning your own home? We're here to help every step of the way!

To get started, visit our Start My Path to Home Ownership page. You'll find easy-to-follow instructions that will guide you through the process. It's going to be smooth sailing with us, and our dedicated team members will be there to support you and answer any questions you have along the way. We're always available whenever you need assistance.

"The process has been smooth and Harriet has been here the whole way.  If we need help of quiestions answered they are always available.  I give them a golden star as you can not find landlords or owners with better personal skills, heart and dedication like they have."

In our existing home program, we find houses that may need a little fixing, but we make sure they're safe and comfortable to live in. We want you to feel like a proud homeowner right from the start, so we leave the finishing touches and improvements up to you. This means you can personalize your home just the way you like it! And the best part is, our prices are affordable because we pass on the savings to you. Our existing homes are mostly located in Chemung and Steuben counties in the Southern Tier of New York State.

If you're interested in manufactured homes, we've got you covered too! We partner with A.L. Burke to offer brand new double-wide homes in existing mobile home communities in Broome County. These homes are in high demand, so vacancies are rare!

When it comes to our deals, we use two important documents: a long-term lease and an option to buy. The long-term lease usually lasts for 1 year and can be renewed up to 19 times, giving you a total of 20 years. As long as you're in good standing, the lease automatically renews unless you decide to cancel. This means you have control over how long you live in your home!

The lease also locks in your rent, so you don't have to worry about sudden increases. It's all about giving you security and peace of mind. If you're new to your job or current address, you can start renting one of our homes now and switch to our long-term program whenever you're ready.

During the lease, we want you to feel like a true homeowner. You'll be responsible for maintenance, utilities, and any upgrades you want to make. We love pets, so they're allowed too, but we do need to know how many furry friends you have. Just make sure to have insurance for them. And here's the fun part - you can paint any room in any color you like! Let your creativity shine. Of course, we kindly ask you to follow local building and zoning codes for everyone's safety.

Now let's talk about the option. When you move in, you'll pay an option fee, which gives you the right to purchase your home in the future. It's like reserving your dream home just for you! If you're able to secure bank financing, you can use it to buy your home from us, saving you money. Once you're ready to make the full payment specified in your option document, the home will officially be yours. If you're never ready for bank financing, that's okay! You can still buy your home.

When it comes to completing your purchase, there will be some closing costs. These include expenses like transferring the title, paying taxes, and possibly getting title insurance. We highly recommend getting title insurance for added protection. You can choose to hire your own lawyer to review the documents if you wish. Remember, these expenses are optional and your responsibility.

We're thrilled to be part of your home ownership journey. Don't hesitate to reach out to us if you have any questions or need assistance along the way. Get ready to turn your dream of owning a home into a reality!

American Capital RE, LLC

Elmira's rent-to-own specialist.

Why rent when you can buy?  Low upfront payments, monthly rents for a wide range of budgets.

"The process has been smooth and Harriet has been here the whole way."

Our office is at the corner of Hoffman and Water - look for the striped awning
We are open M-F 9:30am-5:30pm or by appointment including most Saturdays, come knock on the side door on Hoffman to enter

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