RENT TO OWN

Have yours dreams of owning a home turned into a nightmare? Tired of paying someone else’s mortgage? Don’t let bad credit, or a small down payment stand between you and the home you’ve always wanted. Just because you’ve had trouble obtaining traditional financing in the past doens’t mean that home ownership isn’t in your future. Rent to Own is creative way to get your family into the house ofyour  dreams. Whatever your current situation, if you are paying rent right now, our Rent-to-own home purchasing program may just be what you’re looking for. Make a change today and start moving close to owning the roof over your head!

We are real estate problem solvers and we are here to help you solve yours. Call us now at (780) 628 3022. If you don’t have the time to call us at this moment, fill this quick application form so that we could look into your situation.

F.A.Q

Is Rent to Own right for me?

If you are ready to purchase a home but can’t do it because you don’t have enough downpayment or you have a bad credit, yes Rent to Own is what you want. If you are renting but you are just tired of paying someone else mortgage, then Rent to Own is the way to go.

Is the rent to own concept new?

The rent to own concept is not new; it’s actually very popular in Commercial Real Estate. Buyers and sellers have been structuring rent to own transactions for decades. However, recent changes to lending standards have made it challenging for many aspiring homeowners to secure a traditional loan, and rent to own has become a popular alternative.

What is Rent to Own?

Our Rent to Own program consist of our company leasing the house to the future homeowner (Tenant) with the option to buy at a later date. The tenant chooses the house that they would like to do the Rent to Own program on. The down payment depends on the purchase price of the house but we usually ask $5,000 or 3 to 5%. The program usually runs between 1 and 3 years. At the end of the lease the tenant has the option to purchase the property at the pre-determined price. When the tenant exercises the option to purchase, we credit the initial down-payment and a portion of the monthly lease payments towards the sale of the property.

Why does RTO differ from renting?

It is a solution for someone that would like to purchase a house and no longer pay rent. Unlike renting, your deposit (down payment) will go towards the purchase of the house at the end of the term. Additionally, a fraction of the monthly lease payments will go towards the purchase of the house. In the case that you default and do not purchase the property at the end of the term, no money will be credited back to you.

Do I need a down payment?

Yes, the Rent to Own program is not a rental program. You will not be renting anymore, you will now be on your way to owning your home. You will need a small down payment to qualify and it usually is $5,000 (3-5% of the purchase price).

Do I need to be employed?

Yes. You need to show employment to qualify.

How long is your lease to own program?

It depends on the individual we are working with, but our clients usually take 1 to 3 years to qualify for a mortgage.

What can I do to own my home as soon as possible?

We customize the program depending to the specific individual we are dealing with. We will work closely with you to make sure everything goes as planned. Our Ren to Own Program is designed to help you own your home as fast as possible.

Is The Purchase Price of The Home Negotiable?

Typically the homes that we have already available on a rent to own program, are not negotiable, but if you were looking around the city for a house in which we come in to negotiate the best deal for you, then we will make sure we will get the best deal for you!

Can I do any upgrades to the home before the end of the term?

Yes you can, all you need is to make sure you let us know first, what you will be doing, who will be doing it for you and when they will be doing it. We have a great structure set up for this types of scenarios.

Why do I need to qualify for a new mortgage at the end of the term?

All you need to do is follow the rent to own program we put together for you. You follow those steps and you are on your way to success!

I have damaged credit. Can I still qualify?

Yes, we’d have to have you fill the application and have you pre-qualified

What if you can’t easily verify my income?

We deal with people in a variety of situations and we’ve never had an issue figuring out the income. We work with self-employed families as well. We have a great team that work closely with us to make sure you have success through our rent to own program. If you want to know more about the team that we work with please go to out links page

What if I can’t find a home I like?

We have lots of homes coming in on a monthly basis but if none of those are appealing to you, you are most welcome to look around for houses you like. Once you find the one you like, write the address and phone number and get it our way so that we could negotiate the best deal possible for you.

When can I move in?

Give us a call and get started now, once you have filled our application and you are pre-qualified, we can then look into when you can move in. All scenarios are different but the process typically takes 1 to 2 weeks to get you qualified and move in 2 to 3 weeks after that.

I would like to Apply, Now What?

Click here to go to the Application page.