How Does Our Rent To Own Program Work

It is Simple: You move into your home today under a Purchase and Sale Agreement to be executed at a predetermined date at a pre-determined price in the future.

During your Rent to Own Program Term, our team of experts will work with you to get you “Bank” ready before the end of the Rent to Own period. The term of your Rent to Own Program is set to provide you enough time to clean up past credit problems or improve on any aspect of your Credit Profile required by current Mortgage Guidelines.

In addition to helping with your Financial Profile, we will help you save enough money during the Rent to Own Term so you have the required Down Payment for your Future Mortgage. A portion of your monthly payment goes towards rent/lease and up to 20% of your Monthly Payment goes into a Savings Component used towards the Final down payment for your future mortgage.

This savings component is often referred to as Option Credits (Credit given to you towards your mortgage Down Payment when you exercise the option to buy your home). The total savings accumulated during the Lease are added to your initial Down Payment to form your final down payment at the end.

With our Rent to Own program, you will know exactly what your Future Purchase Price, Down Payment and Mortgage would be. This allows our team of experts to properly position you for a mortgage based on today’s lending guidelines.

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