Q: I am renting now, how is this different?

A: This is a way to help you get started toward BUYING your own home. Part of your rent payment goes toward the purchase. Instead of throwing away your money on rent each month, and having nothing to show for it at the end of the year.

Q: Do I have to 'qualify' for this program?

A: Not in the usual sense of having to meet certain income and debt ratios, or achieving a certain credit score as would be necessary for most mortgage companies. Your credit, and finances are not the restriction they would be with a conventional mortgage company. Although it actually makes sense to buy a home this way even if you could get conventional financing today, many of our buyers do have some issues that need some time to be resolved. Even if you are able to get approved today, a lease option allows you to potentially keep the money you would use for your down payment, as you can use your equity as a down payment when you refinance the home at the end of your lease. Additionally, the fact that you can do a refinance rather than a typical purchase gets you a better interest rate, and lower payment...that can save you tens of thousands of dollars in the long run.

Q: My credit is REALLY bad. Can I still qualify?

A: Absolutely! Many of the people that use this program have had some credit problems in the past but are now ready to change their life and what's a better way than by owning your own home?

Q: Is the price of the home established in advance?

A: YES. The price of the home is decided at the time you sign the Lease Agreement and is not affected by the local market conditions.

Q: How long is the Rent To Own period?

A: Typically we can give you twelve to twenty-four months, and even hirty-six months, in some cases, before you would need to complete the purchase. Each property is treated individually and we try to accommodate your own situation.

Q: What do I need to get into my own Rent To Own home?

A: Only a small down payment, and the first months rent. We can even spread some of this out over 30-60 days.

Q: Who pays the property taxes, insurance, and HOA dues during the Rent To Own?

A: The property owner. You pay the monthly 'rent' and utilities etc. until you actually complete the purchase.

Q: How do I find a Rent To Own home?

A: Click the Find a Home button, along the top of the page, fill out the short application and we will get the process started right away.

Q: Can you offer me any financing and when do I have to have my financing ready?

A: Yes, we can help with some financing, seller carrybacks, and so on. Although, the more money that you can come up with, the easier it is going to be, and the lower your monthly payments are going to be. Next, within 0 to 60 days of your option date, you will then want to get your financing process started. You can go to any lender to get a pre-approval letter, stating the amount that you will qualify for.

Q: I'm excited about building equity in the home before I even buy it. What are the best ways to add value to my soon-to-be home?

A: There are many ways to do this. Here are a few of the most effective ways:

Q: Am I allowed to have pets?

A: Yes! There are very few circumstances that disallow pets. We want you to get in the mindset of a homeowner. So that means we allow you to have pets and to decorate your home as you please.

There is a list of dogs that are not allowed in these properties. Many insurance companies have stopped providing insurance with properties with certain dogs so we can't allow them either. We wouldn't want you to be in the position to buy your home and then it burns down and there is no insurance in place to rebuild it.

Q: What happens if I still can't buy the house after the period ends?

A: Well we try to put people who are going to be proactive and do what's necessary to be able to purchase the home but if you for some reason aren't able to, we will try to work with you to extend the lease or perhaps throw in some of the financing. There is a possibility though that you will have to move out and go back to renting.

We want to keep our homes filled with people who are going to buy the home, not with people who are just going to continue to rent.

Q: What if at the end of the rent period I decide I don't want the house?

A: Well you have the option to buy it or not to buy it at the end of the rental term. If you choose not to, you generally will loose the down payment and rent credits. There are many people that want to get into these homes so they can eventually buy it and with you just renting for a bit then deciding you don't want it, you have taken away someone else's opportunity and that's why we make the down payment non refundable. We want people who are serious about changing their life in these homes!