This is a unique program that may help you realize your dream of owning a home even if you have credit problems or other issues (e.g. career change, self-employment income) that have made bank qualification difficult or impossible. In our rent-to-own program, your rental period is the crucial qualification tool. If you pay your rent on time, every time, and maintain or improve the home's condition, this program will be an easy and affordable way to own your own home now.

Frequently Asked Questions

Q: How does Rent-to-Own work?

A: We complete two contracts. One is a lease contract and the other is an option contract. The lease is a standard residential lease that includes a monthly rental amount, a refundable security deposit, and requirements about the home's maintenance and condition. The lease term is typically one year and is renewable a maximum number of times (usually 2-3 years total.)

The second contract, the option contract, is the purchase portion of the deal. At the beginning of the lease, we sign a contract giving you the exclusive right to buy the home (for a pre-determined price) at any time while you are leasing it. You pay "option consideration" and sometimes an extra rent premium which is both our guarantee that you truly intend to purchase the home and a savings account that will help you cover the closing costs and downpayment requirements at the time of purchase. The "option consideration" amount is much less than a bank or mortgage company would require and functions as earnest money, downpayment and contract consideration all rolled into one.

While the option contract is in effect, we are legally obligated to sell you the home and apply your upfront money to your purchase price. However, you are never obligated to buy the home.
WARNING: This program is only for people who truly intend to purchase the home. If the purchase option is not exercised, you forfeit both the option consideration and the extra rent premium.
To us, these payments guarantee that the house sale will go through. Our goal is to sell the home. It’s an added benefit to everybody that we help you become a home owner in the process.
You Might Be A Candidate for a Lease-Purchase if you:

· Want to own your own home

· Have $3000-5000 to pay up front

· Have poor credit and need a way to reestablish

· Have an excellent chance of maintaining good credit in the future

· Believe you will qualify for a mortgage within 3 years



Things you should know:

Paying rent on-time does not rebuild your credit. If you need rebuild your credit rating during the option period, paying your rent on time won’t do it. Rent payment information is not used in compiling credit scores.

However, paying your rent late can damage your credit.

Lease-purchase buyers who need a higher credit score must focus on their credit cards and loans.

Even though it is costly, the right not to exercise the option is of value to buyers. If there is something seriously wrong with the house, neighborhood, or neighbors, the money left behind on a lease-purchase is much smaller than the cost of an outright purchase followed by a sale.

This program is simple because you are given credit for what you do .... instead of being judged by your past. If you have the ability and the desire to buy a home, instead of throwing your money away on rent; we will do our best to help you.

Q: How much option consideration do I need?

A: The option consideration varies according to the purchase price of the home and other factors that vary from home-to-home. It is typically between $3000-$6000.

Q: Do you offer "option consideration" assistance programs?

A: Sometimes. When a buyer is short on cash, we may set up a monthly payment plan or a "sweat equity" plan. We may accept land, other properties, and vehicles, to help you buy your home.

Q: Can I borrow my "option consideration" from my parents or friends?

A: Since we are not limited by a bank program, you can use money from relatives, friends, or other sources that are not directly from your own accounts. You may also be eligible to withdraw or borrow from your 401K to purchase a home.

Q: How does the "sweat equity" program work?

A: Sometimes we have houses that need cosmetic or rehab work. In exchange for your work, we can accept a smaller amount of option consideration and offer a better purchase price than if the house was move-in ready.

Q: Can I reserve a home?

A: No. We always lease to the most qualified person. We need a complete rental application and proof of ability to pay both the monthly lease payment and the option consideration. We will verify income and employment with paystubs, standard supervisor verification, employment contracts, and tax returns. Please keep in mind that our homes sell quickly, so time is of the essence and our verifications must be complete and accurate.

If you have additional questions or would like to find out about our list of available homes, please,

Complete the information request form or call us today at: 406-208-3488