FAQS

With our Rent-to-Own program, you start earning money toward your home from the first day you move in.

The first way this happens is through the option fee – when you turn in your Total Move-In amount, the option fee is included and is deducted directly from the price of the home!

The second way you earn money toward your home is by staying current on your monthly payments, you can earn rent credit, which reduces the price of your house further.

Our program is designed to reward our renters with home ownership. Here’s how it works:

PHASE 1

• 1st: Complete an application – we can approve you NOW for a house later! We check Rental History, Proof of Income, and 5 year Criminal Background.
• 2nd: Save for your Total Move-In Amount – already have it? Keep going!
• 3rd: Find your house, sign for the keys and move in immediately!
• 4th: Save for your down payment and closing costs – it’s worth it...

PHASE 2

• 5th: With your downpayment ready, choose your preferred financing method: Bank Finance or Owner Finance.
• 6th: Close on your house and enjoy building your own equity!

The approval process varies depending on how you are trying to finance your loan. For instance, when qualifying through a bank for your loan the approval criteria could be quite detailed. When choosing to finance through us, or owner finance, there are many criteria not limited to but including the following:

• Your rental history with us – making on-time monthly payments is extremely important
• Proof of income – we approved your rental application in the same way!
• Down payment available? – Have you been saving? You will need the full down payment and closing costs available to close

The total move-in amount is calculated for your home by adding the first month’s rent plus the option fee. See the example below:

Owner financing is a method of financing your home, but instead of using traditional bank financing, the owner of the property loans the money for the property.

What this means to you is that you do not need to qualify at a bank in order to own your home! Read “How Rent-to-Own Works” for more information on how to start owning and stop renting soon.

We offer our houses for Rent-to-Own, which means you begin as a renter with the intention of owning the house. We do not offer rental only.