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Rent To Own Program

Designed to help you become a homeowner sooner, this program helps you save money and build equity in a property while you rent.

Finding an affordable home in today's market is difficult. High interest rates, low inventory, and rising prices in many parts of the country make it difficult for many people to afford a home. With our Rent To Own (RTO) program, you can lease purchase a property now and lock in a future purchase price. This allows you to take advantage of any appreciation in the property value, lower the future purchase price, and take advantage of rentals rate often below what the banks would charge for the mortgage.

Buyers with good credit

Home buyers with good credit can use this program to lease purchase a property now. With mortgage rates hovering around 7%, this significantly limits affordability of properties on the market for most buyers. Often our rent to own properties are more competitively priced then similar properties on the market and buyers can lock in a future purchase price now. When the buyer is ready to purchase the property, for instance, when interest rates drop, they can obtain a cheaper mortgage and save money on the purchase price.

Buyers with no credit or bad credit

Home buyers with no credit or bad credit can also use this program to lease purchase a property now. A significant portion of potential homebuyers cannot qualify for a traditional home mortgage (through a bank or credit union) due to no credit history, bad credit, or a pervious bankruptcy. In fact, this portion of Americans is increasing. These buyers typically need to improve their credit significantly to qualify for a traditonal mortgage. Our program allows these buyers to lease purchase a property now and work on improving their credit while they rent. WHen their credit is improved, they can then qualify for a mortgage and purchase the property with their good credit.

How it Works

The Rent To Own program is simple.

• Find a property in our inventory you want to purchase and apply to the RTO program.
• We review your application and determine if you are a good fit for the property. If the property is a good fit, we agree on a future purchase price and lease term.
• Pay a small option fee to lock in the future purchase price.
• Pay rent each month with a portion of the rent going towards the future purchase price.
• At the end of the lease term you purchase the property.

Questions?

If you have any questions about our Rent To Own program, you can review our Frequently Asked Questions page or contact us. We are happy to answer any questions you may have.