Own Your Home Without Bank Financing
Easy Rent to Own Options for All Credit Types!
We offer flexible Rent to Own options designed for those who are ready to move into their dream home today – even if you have less-than-perfect credit.
Helping Families Achieve Homeownership, One Lease at a Time
We believe that everyone deserves the opportunity to own a home. We specialize in providing lease option homes that allow families to build equity while renting, with a straightforward path to ownership.
A Simple Path to Homeownership:
Step 1: “Choose Your Dream Home”
Step 2: “Move In”
Step 3: “Buy When You’re Ready”
1. What is Rent to Own, and how does it work?
Rent to Own is a homeownership program designed for those who may not qualify for a traditional mortgage right away. It allows you to move into a home as a tenant while giving you the exclusive right to buy the property at a pre-agreed price after a certain period. During the lease, you’ll pay rent like any regular tenant, but you’ll also have the option to purchase the home when you’re ready, without needing to secure financing right away.
2. What is an option fee, and how is it different from a down payment?
The option fee is an upfront payment that gives you the exclusive right to purchase the home at the end of the lease term. It’s usually a non-refundable fee, but it is applied toward the purchase price if you decide to buy the home. This is different from a down payment, which is typically required when you obtain a mortgage loan to purchase a house. While a down payment directly reduces your mortgage amount, the option fee serves as a way to lock in your right to buy the property at the agreed price.
3. Will my rent payments go towards buying the house?
In our Rent to Own program, your rent payments do not directly go towards the purchase of the home. Instead, you are paying rent just like you would in a traditional rental agreement. However, the option fee you pay at the start of the lease will be credited toward the purchase price of the home if you choose to buy it. This allows you to secure the option to purchase without additional costs tied to your monthly rent payments.
4. What happens if I decide not to buy the home?
If you decide not to purchase the home at the end of the lease term, you are not obligated to buy. However, the option fee you paid at the beginning of the lease is non-refundable, as it compensates the seller for reserving the right for you to purchase the property. You will simply move out at the end of your lease term as you would with a standard rental.
5. Who is responsible for repairs and maintenance?
During the Rent to Own period, the responsibility for repairs and maintenance is often shared between the tenant and the owner. As the tenant, you may be responsible for regular upkeep and minor repairs (like replacing lightbulbs or maintaining the yard), while the property owner typically handles major repairs (like fixing the roof or the HVAC system). The specific terms will be outlined in your lease agreement, so you know exactly what to expect.
6. How do I qualify for a Rent to Own home?
Qualifying for a Rent to Own home is generally easier than qualifying for a traditional mortgage. We don’t require perfect credit or immediate financing. Instead, we look at your ability to afford the monthly rent and option fee, your intent to purchase the home in the future, and your commitment to maintaining the property. Each applicant is considered on a case-by-case basis, and our goal is to help you move towards homeownership at a pace that works for you.
7. Can I buy the home before the lease term is up?
Yes! If you’re ready to buy the home before the end of the lease term, you can absolutely do so. You’ll simply need to secure financing or use cash to purchase the property. The option fee you’ve already paid will still be applied towards the purchase price, allowing you to complete the sale earlier than initially planned.
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