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How Rent to Own
works:
We locate a property investor who is willing to mentor a family by purchasing a
home that meets the families financial and personal criteria.
The investor then rents that home to the family for up to one year with the
understanding that the family will be working a credit repair program to
ultimately qualify to purchase the home from the investor at the same price the
investor purchased it for.
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You fill out the Grant
Application.
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We pull a Credit Report and try to get you pre
qualified because our first priority is to try to get you in a home on your own.
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If their credit along with the down payment grant
will not qualify them. Then we have an investor step in and mentor our Rent to
Own.
Rent to Own –
7 Advantages
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1)
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Credit Repair.
You have the opportunity to rebuild and clean up your credit so that you
can qualify for a good loan!* |
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2) |
Own Your Own
Home. You can enjoy the benefits of owning your home before
you actually buy it! No more renting and moving, you can have this house as
your own. |
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3) |
Financial
Stability. Homeowners are more financially stable and you
can build equity in your house to be used with future financial goals (new
car, college, etc). |
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4) |
No Up Front Bank
Qualifying. Homeownership is made easy and hassle free by
going through how the process works step-by-step with the investor. |
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5) |
Flexibility.
You have the OPTION to buy your home, not the obligation! You
can buy anytime during the Rent To Own term.** |
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6) |
Improving Your
Property. Because you will own this property soon, any
improvements you do that increase the value of the property help you build
more equity for yourself. |
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7) |
Rent Credits (if
applicable). Each month a chunk of your rent goes toward
the purchase of your home, allowing you to build equity in your home faster
than a traditional mortgage - no more wasting money on rent! |
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* Note:
There are no promises of successful credit repair. Each individual is
responsible for paying their bills on time and following through with credit
repair techniques. We cannot guarantee you will qualify for a loan during
this time. Your future payment once you buy the house may be higher than the
current rental amount. We cannot predict what your future payments will be
upon the purchase of the property as interest rates, credit scores,
employment, and financial situations change.
** Note: If you opt not to buy at the end of the term, the up front option
payment and any rent credits that you have accumulated are retained by the
investor. |
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