Trio Leasing Plans

We want to help make your dream of homeownership a reality. At Trio, we understand that home buying isn’t a one-size-fits all kind of a deal. That’s why Trio developed specific programs to fit your individual needs and style. With that in mind, take a look at TrioFirst and TrioSelect to see which is a good match for you. Trio’s underwriting team will determine which program you qualify for based on your application.

triofirst

You know you’re ready to own, and you’re looking for the lowest option price. With the most affordable and secure path to homeownership, TrioFirst is Trio’s most popular financing program and offers you the highest credit for paying on time. With it, you’ll get all the tools you need to secure your housing future. Here’s the lowdown:

• You’ll enjoy a low option price that’s fixed for the 3-year life of your lease
• Included OwnOption Mortgage. Locking in your interest rate for when you qualify to buy.
• Trio contributes 100% of your future home equity that’s created during your Trio lease to YOU. You can use this for your down payment or as an added bonus for using Trio.
• Your net option price is set as low as 1% above our initial cost.* You earn this by making your payments on time.
• Your Home Purchase Assistance is set at the difference between this and the TrioSelect price. That’s a savings of up to 6.5% of the home price. Yes, up to 6.5% – enough to cover your full down payment and closing costs!!
• Purchase any time during your lease when you’re ready and qualified.
• If you decide ownership or this particular home isn’t for you, exchange your home or move on if you’d like.

*Please note that as Trio’s most popular program, TrioFirst, is priced at 1% above cost for households with incomes at or below $60,000 per year – 80% of HUD’s national median income. For household incomes above $60,000, TrioFirst is priced at just 1% per year above cost.

trioselect

If maximum flexibility is of maximum importance to you, then TrioSelect might be the plan for you. With a standard term of 3 years, you can set a lease for as long at 5 years with TrioSelect. If you own another home or just sold one, TrioSelect is your option with Trio.

• TrioSelect defaults to a 3 year term, but can be stretched up to 5 years. Just like with TrioFirst, enjoy fixed payments and a fixed option price for the life of your lease.
• Included OwnOption Mortgage. Locking in your interest rate when you qualify to buy. Plus you can qualify to assume this mortgage if interest rates go up.
• With normal market appreciation, you’ll be earning equity in your home without even thinking about it. Way better than renting…
• Your purchase option price is set at just 2.5% per year above our initial cost. Compare this to other programs that charge 5% or more per year – that’s 7.5% total over 3 years – Trio saves you over $17,000 on an average home.
• You can earn 10% of your monthly lease payment in credits toward your purchase. Just by making your payments on time. These credits can work as your down payment!
• Purchase any time during your lease when you’re ready and qualified.
• If you decide ownership or this particular home isn’t for you, exchange your home or move on if you’d like.

Back to Resources