What are the minimum qualifications for our Rent-To-Own Program?
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.
A poor credit score will NOT disqualify you from our program, so don’t hesitate to consult with us.
Can I still do your Rent-To-Own program if I don’t qualify?
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.
Do I have to pay any fees or commission?
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.
Do my rental payments count toward my house payment?
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.