Mirabilis Homes is a small, but growing, company on a mission to help facilitate home ownership for all who desire it. We offer innovative financial products, tools and resources designed to help you achieve your homeownership dream while maintaining financial flexibility.
"Mirabilis" is a Latin adjective meaning “miraculous, amazing, wonderful“. It is commonly found in the Latin phrase “Annus Mirabilis” which translates to “marvelous year.
Once you’ve been accepted to the INTRO Program and identified a home that fits within its guidelines, Mirabilis will purchase the home alongside you. At closing, you contribute 2% of the purchase price and enter into a lease to rent the home from Mirabilis. The lease includes a purchase option that allows you to buy the home from Mirabilis when you’re ready.
When you enroll in our INTRO Program we establish a Tenant Fund for you. The Tenant Fund essentially functions as a savings account, with special financial benefits, to help you accumulate the down payment necessary to exercise your purchase option as soon as possible. Your 2% contribution toward the purchase price will be deposited into your Tenant Fund at closing, and you may choose to make additional contributions at any time.
The Tenant Fund appreciates at a contractual rate, and as its balance reaches certain milestones, Mirabilis will deposit funds into it as well. When you exercise your purchase option, the entire balance of your Tenant Fund will be credited toward the option purchase price.
Please refer to the How It Works page for additional information.
When you enroll in our INTRO Program we establish a Tenant Fund for you. The Tenant Fund essentially functions as a savings account, with special financial benefits, to help you accumulate the down payment necessary to exercise your purchase option as soon as possible. Your 2% contribution toward the purchase price will be deposited into your Tenant Fund at closing, and you may choose to make additional contributions at any time.
The Tenant Fund appreciates at a contractual rate, and as its balance reaches certain milestones, Mirabilis will deposit funds into it as well. When you exercise your purchase option, the entire balance of your Tenant Fund will be credited toward the option purchase price.
Please refer to the How It Works page for additional information.
The option price for each year of the INTRO Program is clearly stated in the lease agreement. It is calculated as follows:
Year 1: 5% increase over actual home purchase price
Year 2: 4% increase over year 1’s option price
Year 3: 3% increase over year 2’s option price
Year 4: 3% increase over year 3’s option price
Year 5: 5% increase over year 4’s option price
Year 6: 4% increase over year 5’s option price
Financial rewards towards your down payment: Your Tenant Fund appreciates at a contractual rate and, as its balance reaches certain milestones, Mirabilis will deposit funds into it as well. This helps accelerate your transition from renter to homeowner.
Improved Credit Score: We report your on-time rent payments to the major credit bureaus which improves your credit score and allows you to secure more favorable mortgage terms. Late rent payments are not reported to the credit bureaus.
Tech-Enabled Management:Once enrolled in the INTRO Program, you’ll gain access to our proprietary online Tenant Portal where you can view & manage your entire rent-to-own experience. The portal allows you to pay rent, submit maintenance requests, and manage your Tenant Fund, among many other features.
You can apply through our online application portal here. It’s free to apply and only takes about 15 minutes. The portal will ask you to input basic information about yourself and your desired home, and upload a few documents (document requirements vary among applicants, but generally include things like a valid ID and proof of income/employment).
Once the application is complete, we’ll perform a ‘soft’ credit check which does not impact your credit score. We’ll then review your application in full and notify you of its approval or denial within 3-4 business days. If approved, Mirabilis will give you a budget to begin shopping for your dream home.
Detached single-family homes and attached townhomes typically qualify for the INTRO Program, so long as they were constructed within the last ~20 years and are in good physical condition according to a home inspection report. Brand-new construction homes can also qualify for the Program, even if their delivery is still a few months away. We generally prefer homes in the $250k - $700k price range.
Condominiums and manufactured homes do not qualify for the INTRO Program, nor do homes with major repairs/renovations required. Onerous HOA restrictions may also disqualify a home from the Program.
Mirabilis pays for all property taxes, insurance, HOA dues (if any) and maintenance/repairs.
You are responsible for paying for all other expenses such as utilities, internet, cable TV, landscaping, garbage pickup, pool cleaning, housekeeping, etc.
You are required to pay monthly rent plus expenses such as such as utilities, internet, cable TV, landscaping, garbage pickup, pool cleaning, housekeeping, etc. Mirabilis pays for all property taxes, insurance, HOA dues (if any) and maintenance/repairs.
We love agents! If you have a buyer/client that may have trouble qualifying for a mortgage and/or does not have sufficient cash for a down payment, we encourage you to refer them to our INTRO Program. Our INTRO Program is a rent-to-own solution that allows aspiring homebuyers to live in their dream home while they prepare for home ownership.
If your client enrolls in the Program and we successfully purchase a home together, Mirabilis will pay you a buyer’s agent commission.
Yes! If your client enrolls in the Program and we successfully purchase a home together, Mirabilis will pay you a buyer’s agent commission.
Detached single-family homes and attached townhomes typically qualify for the INTRO Program, so long as they were constructed within the last ~20 years and are in good physical condition according to a home inspection report. Brand-new construction homes can also qualify for the Program, even if their delivery is still a few months away. We generally prefer homes in the $250k - $700k price range.
Condominiums and manufactured homes do not qualify for the INTRO Program, nor do homes with major repairs/renovations required. Onerous HOA restrictions may also disqualify a home from the Program.
We partner with developers and homebuilders who are selling residential properties in several ways:
List your unsold home inventory on our website for free, which will significantly expand your buyer audience.
Use our INTRO Program as an additional sales tool! Refer your potential buyers to the Program who may have trouble qualifying for a mortgage and/or do not have sufficient cash for a down payment. Upon meeting certain requirements, Mirabilis will buy the home directly from you (all cash) and lease it to them.
We regularly purchase unsold and/or not-yet-delivered homes directly from builders/developers. We have the capability to purchase homes in bulk.
Please contact us to discuss any of the above scenarios at help@mirabilishomes.com