Rent to own is one of the best options for people who need a house but have bad credit. This way, you can live in your home and pay monthly rent while saving the money you need to buy the rest of the house at the designated time. It doesn’t require much paperwork and is a rather simple process. All that is required is that you have a steady income and a job. As you rent the home, you can improve your credit enough to eventually purchase the home at the specified time.
When you decide that you want a house but have bad credit, one of the first things you should do is start saving. If you are consistent about watching how you spend your money, you will be able to improve your credit in no time. The second thing you should do is speak with one of our specialists. They have vast knowledge of real estate and the process that is needed to get you into a home. We are here to help you every step of the way and will answer any and all of your questions, so give us a call today!
If you choose a rent to own home, one of the big benefits is that you get to move in right away. There is no need to continue renting an apartment and applying for loans to eventually get into your home. You can move into your new home and pay rent until the date you and the homeowner have agreed upon for you to buy the remainder house. This also gives you a chance to check out the neighborhood and be sure you like the area. You get the comforts of living at home while saving up to purchase the house. Fill out the form on our home page to get started on the rent to own process!
With rent to own, one of the great benefits is that you get to live in a house, not an apartment. Instead of spending hundreds on an apartment each month and seeing no return, your rent will now be going towards paying off your house. You can choose to have an extra payment on your rent each month that will go towards the down payment and closing costs of your home. You get the comfort of living in an house with a garage and yard instead of an apartment.
One of the best parts of a rent to own home is that there is no pre-qualifying needed. This means that even if you have bad credit, you can get into a home and have time to get your credit scores up before you have to apply for a loan. During the time you are paying rent on your home and building down payment credit, you have the opportunity to pay down some debt and improve your credit score. Then, after a renting period of about a year or two, you can apply for a loan and you are much more likely to get approved. Our mortgage specialists are experts in credit repair, so if bad credit is something you are worried about then this is a great opportunity for you. Fill out the form on our home page and one of our specialists will be able to get in contact with you, get you into a rent to own home, then help you get your credit score up so you can eventually own that home! Get started today! Owning a home is possible for you!
With a rent to own home, your purchase price is locked in with the contract. You will usually have a payment called “option consideration”, this will lock in your option to purchase the home after the specified renting period is over. If you decide to buy the home after this period, the deposit will make sure that the owner cannot up the price when the process for ownership begins. For more information on the option consideration, be sure to talk to one of our specialists. They are trained on how to make sure you get to keep your rent to own home when it comes time to buy. Fill out the form on our home page and let us help you into your new home and keep it!
We have specific rent to own specialists available. Our team is trained to work with any situation, including bad credit situations. No matter what your credit history looks like, our specialists will be able to get you into the perfect rent to own home in months. Fill out our form now and give us a call to start the process today!
Getting a rent to own home is a great solution if you don’t have the money for a down payment immediately. With this option, you can designate some of the rent you pay each month to go towards the down payment and closing costs. So, if you would pay $1,750 for rent each month, you and the homeowner can agree that you will pay $2000, with $250 going towards your down payment and closing cost credits. Then, at the end of a three year lease, you will have $9,000 set aside for your home buying credit. This makes it much easier to come up with your down payment when the time comes. Contact us for more information!
