How it works
Your pathway to home ownership
Discover how Temple can help you achieve your dream of owning a home.
How it works
Our program was founded on the belief that the traditional mortgage system often doesn’t work for everyone.
Many people who are committed to home ownership are held back by high down payments, strict eligibility requirements, and other financial barriers.
That’s why we’ve developed a program that makes it easier for people to access the resources they need to achieve their goals.
WE WELCOME APPLICATIONS IN IRELAND AND GERMANY.
Everything you need to know
What documents do I need to qualify?
You will need:
- a government-issued identification card (national ID or passport),
- proof of legal residence or citizenship in Ireland/Germany,
- and documentation of creditworthiness, possibly including credit histories, bank statements, and proof of income.
Is there a fee to qualify?
No, Temple offers a free, convenient application process that comes with no commitment. We make it easy to see if you qualify for our Future Owners program.
When do I qualify to buy the home?
When the tenant has invested 15% or more towards the market value purchase price of the home, they may request a transfer of ownership.
Do I need a down payment to get a home?
Temple works with tenants who can put down an initial payment equal to 2.5% of the market value purchase price–a substantially lower amount than a traditional mortgage lender requires.
Who owns the property?
Temple owns the title to the property, while the tenant retains the right to a purchase agreement.
How much do I have to pay per month?
Tenants are required to pay market rent for the home every month until the home is purchased by the tenant. Any additional payments made towards the purchase of the home are voluntary.
What happens if I have to move before buying the home?
Should tenants decide to leave the property prior to purchase, they will be entitled to a return on their investment, which may be increased due to property appreciation.
Where can I find a home through Temple?
We now welcome applications in Ireland and Germany.
Who is responsible for home repairs?
We find that many of our tenants take pride in caring for the homes they will one day own. However, when maintenance needs arise, Temple will facilitate necessary repairs at the expense of the property owners for any leased property. Once a tenant becomes the legal property owner, they become responsible for all maintenance needs.
What happens if property values increase or decrease during my lease?
The tenant purchases the home based on the market value at the time of purchase. If property values have changed significantly during the lease period, this may impact the final purchase price of the property.
Take your first step towards home ownership
Our innovative solution is designed to make home ownership accessible to everyone. Don’t wait any longer to take control of your financial future.