Who is our rent-to-own program best suited for?
Here are a few examples:
1. Potential Homebuyers with Poor Credit: If someone has a low credit score (500-700), a rent-to-own agreement allows them to work on improving their credit while still living in the desired home. Our team will guide you through the steps needed to repair your credit.
2. Limited Down Payment: Individuals who have difficulty saving for a substantial down payment can benefit from our program.
3. Small Business Owners: Often, small business owners don't have the income needed to qualify for a mortgage. Our program can be used to help you acquire a home now while you claim adequate income from your business over the program term.
4. Testing the Waters: Those who are unsure about a specific neighborhood or property may use rent-to-own as an opportunity to live in the area and assess whether it meets their long-term preferences.
5. Locked-in Purchase Price: Our program allows you to lock in the purchase price of the home. We use a reasonable appreciation rate to set the future purchase price upfront. This means no surprises at the end of the term.