What is Rent to own?
Are you able to afford a home and make the monthly payments… but you’ve still been turned down for a mortgage loan?
We require an up-front down payment that will be applied against the purchase price when you do eventually close on the property. Generally, your down payment will be between 3-10% of the purchase price, depending on the home and your personal situation.
Other than that, a commitment to diligently work with us to convert you from a home renter to a home buyer by the end of the lease term is the most important qualification.
No, unfortunately not. It wouldn’t be fair for us to put you into a home and have you make rent payments if we know you won’t qualify to buy at the end of the rental period.
Since we aren’t real estate agents, we don’t charge any commissions or other fees.
But, as with anyone who buys a home, you are required to put 3-10% down, which will be fully credited to your final purchase price at closing.
Beyond this, you’ll make regular monthly rent payments and cover the usual costs associated with home ownership.
No, they do not. Though, consider it this way — you’re already making rent payments somewhere.
At least with a rent-to-own home, you know that these payments will pay off down the line and help you secure the home you want today.
This rarely happens because we don’t accept people into the program unless we’re 99.99% sure they’ll qualify for a mortgage loan after the lease period.
In the unlikely event this occurs, we may be able to extend your lease if we’re confident you need a little more time to qualify for a mortgage loan.
The length of the rental period is based on evaluation from our third party credit consulting agency and mortgage consultant. But usually, we can bring you to a point where you can qualify to purchase in anywhere from 12-24 months.
This program is for anyone that wants to buy a home, but can’t qualify for a mortgage loan today.
This program is not for anyone who wants an overnight miracle or is unwilling to put in the time and effort to fix what’s broken.
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What Expenses Can I Expect To Pay?
How Can I Get Into A Home With ZERO Money Down?
How Does The Equity Enhancement Program Work?
Credit Counsulting Services
During the course of the lease, you can use our credit consulting service we will refer you to. Whether you lease purchase one of our homes or not, you can certainly use them. They will give you a free consulting session and you can decide which course of action to take with them.