Affordable Downtown Living - Part 3 of 3

For those looking at buying a downtown property, or transitioning from renting to buying, there are plenty of resources available, including educational tools and affordable finance options.

For example, Zaremba offers a financial savings calculator with each available floorplan on TheAvenueDistrict.com, that estimates monthly payments using four different mortgage scenarios. Check out the townhomes page and click on Savings Calculator to the right of each floorplan for details. There are also many 'Renting Versus Buying" automated calculators available online, such as Yahoo Real Estate or Ginniemae.gov.

Zaremba recently launched a rent-to-own financing option for The Avenue District, designed to help renters achieve home ownership. Qualified program participants, with loan pre-approval, can select any available inventory home, lock in the purchase price and start to build equity. Depending on the individual monthly payment for the home, 50 to 65 percent of the payment will be applied towards the down payment for a 12-month period.

“With our rent-to-own option, home ownership in The Avenue District is more attainable than ever before, all with the added benefits and convenience of living in a downtown walkable neighborhood,” said Nathan Zaremba, president of Zaremba, Inc.