Simply put, Rent To Own is renting with the option to buy. The concept is very similar to a car lease agreement. In our Rent-to-Own program, we lease you the home and provide you the right to purchase it at a later date for a set price. For clients with bruised or no credit, this arrangement provides enough time to clean up past credit problems or to build credit in order to secure a traditional mortgage.
A big advantage of Rent-To-Own is you get to lock-in the price of the home now and live in your chosen home sooner. You don’t have to wait until you qualify for a mortgage to live in your home. Another advantage is fixed monthly payments. At a time when rental price is skyrocketing and seems to be always going up, the fixed monthly payment in a Rent-to-Own program provides consistency and comfort especially to those who are currently renting. Our clients need NOT worry that their monthly payment will go up for the duration of the program. And, at the end, they get to purchase the home.