Rent to Own Program

Rent-to-Own is simple: a contract is signed between you and the seller for an agreed price and length of time — usually between 1 and 3 years. You pay a down payment of usually 3 to 5% (sometimes even zero down). The more you put down, the lower your monthly payment.

You don't have to qualify for a mortgage from the bank until the end of the contract, because the seller leaves their mortgage on the home. Part of your rent goes toward that mortgage, and you also pay a monthly amount toward a down payment fund that builds over the life of the contract. At the end of the term, you find your own bank financing and pay the seller out.

The seller cannot change or get out of this contract during the term. If you wish, you can sell the home at any time during the contract and pay the seller out, or sell the contract to recoup your down payment.

For all intents and purposes, this becomes your home.

See the full Rent to Own FAQ for all the details, or talk to Agent Andrew to get started.