Buyers

Are you able to afford a home and make the monthly payments, but you’ve still been turned down for a mortgage loan?

You’re not alone. Unfortunately, over 80% of Americans today can’t qualify for a mortgage loan or home financing. If you’re one of those people, maybe you think you’ll be stuck renting for life… Who wants to be stuck renting a place where you have no control? With surprise rent hikes or having the landlord sell the house out from under you? Who wants to be stuck renting a place you and your family can’t truly call your own?

If this sounds like you, then keep reading to see if our Rent-to-Own Program is right for you.

Can you make a house payment but you have been turned down by lenders?

We require an up-front down payment that will be applied against the purchase price when you eventually close on the property. Generally, your down payment will be between 3% and 10% of the purchase price, depending on the home and your personal situation.

The most important qualification is 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. This may include credit counseling, income improvement, and tax considerations.

A poor credit score will NOT disqualify you from our program, so don’t hesitate to consult us.

Can I Still Do Your Rent-To-Own Program If I Don't Qualify?

No, if you can’t obtain the financing at the end of the lease, it is unfair to put you in a home you won;t be able to purchase.

Do I Have To Pay Any Fees Or Commission?

We are not real estate brokers, so 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 Towards My House Payment?

No, they do not directly apply to your house purchase. However, if you perform perfectly on your lease, we will offer a predetermined seller concession toward your closing costs.

This can be discussed further as we get you into a home.

What If I Don't Qualify For My Mortgage Loan After My Lease Period Ends?

Due to the qualification process, 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.

How Long Is The Average Lease Period?

The length of the lease period is based on an 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 anywhere from 12 to 48 months.

BUYERS