Veteran and Husband Look for New Lease on Homeownership

Monique and Greg have been life-long renters.  Married with no kids, they have been interested in purchasing their own home for a few years but waited through COVID after watching all the crazy bidding wars that were happening around them.  They have decided that now is the time that they would like to push this goal forward but cannot qualify for a mortgage just yet because they need a bigger down payment and Greg needs time to establish his new career and pay down a student loan.  Greg was a mechanic in his past life but chose a new path in Mental Health and Addictions (driven by some trauma in his family).  He graduated and moved into a role as a Front Line Shelter Worker where he is able to use his new skills to help people.   Monique is a Veteran of the Armed Forces and receives guaranteed income from the Armed Forces for the rest of her life.  The couple have saved $20,000 for the down payment and are looking for help through rent-to-own to help them realize their dream of owning their own home.


The combined household income for this family is $132,780.  Greg is employed full-time by The Lighthouse in Orillia.  He is a Front Line Shelter Worker and has been employed since he graduated school in early 2022 and earns $45,292 annually.  Monique is a Veteran.  She  was released due to medical reasons in 2010.  She earns an annual income $87,488 and it is guaranteed for the rest of her life.


Monique and Greg have decent credit but need time to build their score up and pay down Greg’s student loan of 40k since he just graduated. They will work with a Clover-approved mortgage professional over a four-year to improve their credit and get mortgage ready.


This detached home is located in Severn, Ontario.  The home is solid and very well-maintained.  It is a little-dated but the potential excites Greg and Monique as they look at putting their stamp on the property.  It has 3-bedrooms and 1-bathroom with a main-floor laundry and sun room.  The main items on the property have been recently updated including new furnace in 2017, steel roof and eaves in 2014 and new well pump in 2019.   The property is minutes from HWY 11 and about 20 minutes from Orillia and all the amenities offered there.  Greg and Monique will be performing a well, septic and water inspection as part of their due diligence.

Next Steps

If you can qualify for a $399,840 mortgage and want to enjoy $957 in cashflow each month, please click the button below to indicate your interest in helping this family purchase this family home with RTO.

Investment Property Highlights

  • Your investment is $103,160
  • Estimated annual return on investment is 27% (based on a mortgage rate of 5.94 and 30 yr amortization –approximated)
  • Your estimated NET profit $110,847
  • Your NET monthly cash flow is approx. $957+ a month
  • Tenant-buyers have $20,000 for the down payment
  • Tenant-buyers have a household income of $132,780

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Investment Property Highlights

  • Purchase price is $499,800 (estimated purchase price))
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $3,695 monthly
  • Tenant-buyer will buy this house in 2026 for $610,487