Rent to Own
Our Rent to Own option is simple.
When you rent a home, we agree on a monthly dollar amount that will add up each time you pay your rent. Over time, the Rent to Own credit will accumulate and can be used to buy the home that you are renting.
There is no time limit to purchase the home. You are welcome to rent your home for as long as you like until you are able to purchase it.
Typically, the Rent to Own credit is limited to a maximum of 24 months. Example: $150 monthly credit, max 24 months, total credit toward purchase = $3600. If you don't buy the home, you loose the credit.
The purchase price is agree upon by the buyer and seller and will be the market value of the property at the time of purchase. Once the purchase price is agreed upon, the home is appraised to confirm the value.
The Rent to Own option costs you nothing ($0.00).
We can add the Rent to Own option to your lease on any home that is available as Rent to Own.
The Rent to Own option does not increase the monthly rent payment.