You can start building equity today by simply paying your rent. The Rent To Own contract provides you with many features and benefits, but perhaps one of the most powerful is the buying power of a Rent to Own contract, which can quickly (48 hours) and easily (3 page application) land you a home that you could only dream of buying the conventional way.
How it Works
Find terms that work for you. Can’t afford a large down payment? Need a different monthly rent? We’ll adjust our terms to fit your needs
Your full deposit and portion of each month’s rent are applied to your purchase price.
Your monthly payment includes principle, Interest, taxes, insurance, etc. Some sellers try to surprise you with these fees later!
Ready to see what owning a home could look like?
Want to learn more?
Is Rent to Own right for you? Are you…
- a renter who’s tired of paying another person’s mortgage?
- a real estate investor looking to get into the market?
- a current real estate owner, waiting to sell or collect on other assets?
- someone whose lifestyle is changing and is not ready to have documents publicly recorded?
- someone who needs to move into a quality home quickly?
- or waiting for time to pass so you can clear a credit situation or civil proceeding?
What are the Benefits of a Rent-To-Own Home?
Faster equity growth: Equity accumulates during the rental period.
Rent money is working towards purchase: Every month a portion of your rental payment (typically $100) is added to your down payment.
Option money is credited towards purchase: When you sign a Rent to Own contract, you will pay the seller an option fee (like a deposit). This money is fully (100%) credited to you when you buy the home.
Minimum cash out of pocket: When you purchase a home the conventional way, you pay 10-20% down plus closing costs and prepaid fees to get into the house. When you buy with a Rent to Own, you only pay first month’s rent and a small option fee. This will save you between 25-85% of your move in costs.
Frequently no down payment at close: Since you have given the seller an option fee and you have been receiving monthly rent credits, there will frequently be very little or nothing left to pay for a down payment at closing.
Profits from appreciation: Since the sales price is locked in before closing, any increase in property value will mean that your equity (what you owe minus what it’s worth) is increasing in the home.
Increased buying power: When you buy a Rent to Own home, you can lower your Monthly rent to an amount that is convenient for you, by raising your one time Option Fee! Compare that to a typical bank or lender who requires higher down payments (10-20% down plus closing costs and prepaids).
Credit problems okay: Qualification is available even with credit restrictions. You will be approved at the sole discretion of the landlord/seller.
No lengthy escrows or mortgage approvals: Your approval usually can be done in 48 hours, instead of a lender who can take up to a month (or longer) to render a decision.
Control of the home: You will be put in full legal control of the home for a specified period of time without actually having to own it.
Home At Last 