How Rent to Own Works
Owning a home is truly the American Dream. Buying a home can be a difficult process, especially for those with poor credit, no credit and/or a limited amount to invest. A Lease to Own, also known as Rent to Own, may be just for you!
Rent To OWN Qualifications:
No credit / Bad Credit is OK!
3% to 5% down payment that goes toward the purchase price of your future home!
We look for a rent to own buyer whose total household gross income meets or exceeds 3 times the rent rate of the home.
Benefits to Rent to Own:
You Lock in your purchase price today while you are preparing for financing! You benefit from any increase in equity in the home while you are preparing for financing!
No credit required to get into our program! We work with people with all types of credit, so you can move in today!
Partial rent credit at the time of sale, so you’re not just throwing money away renting!
We provide assistance with credit repair to help you become mortgage ready as soon as possible!
You get up to three years to buy one of our rent to own home!
TO SEE OUR CURRENT LIST OF RENT TO OWN HOMES, CLICK HERE
Trouble Getting a Mortgage?
Approximately 82% of the market cannot qualify TODAY for financing. That is a National number that is not improving. Alternatively, other buyers with good credit are looking for a way to buy now while they save more instead of renting while they save. Yet another group of people need seasoning as self-employed individuals.The typically term needed to get a buyer “mortgage ready” in our Rent-to-Own Program is 12 to 24 months.
If you have not seen one of our properties yet, your next step would be to go ahead and schedule a viewing. Let us help you find a great deal on an investment property or a personal residence.
Renewed Residences, LLC. are not real estate brokers or agents. Renewed Residences, LLC. is a real estate investment company. All properties are either owned by Renewed Residences, LLC. or the company has a purchase contract and/or option with the owner of the property, which Renewed Residences, LLC. may assign to third parties. Renewed Residences, LLC. is not a real estate brokerage and does not provide realtor services to the public, or to any of the parties to which it has contractual relationships.