Rent-to-Own is a homebuying strategy that lets you move into a home now and buy it later. A portion of your monthly payment builds your down payment while you work on your mortgage readiness through credit repair and debt repayment.

It’s ideal for people who: Have good income but don’t qualify for a mortgage yet Have a small down payment (usually 5%) Need time to improve credit or pay down debt Want to stop wasting money on rent Don't have the necessary closing costs to complete a purchase

The monthly payment works very similar to a payment with the bank on an approved mortgage.  Basically, here is a quick idea on how this number works - we take the price of the house and subtract your down payment amount.  This would be the mortgage if you qualified on your own.  The monthly payment [...]

You choose a home within your approved budget, an investor buys it for you, and you move in under a Rent-to-Own agreement. You rent the home for 3–4 years while saving and preparing for a mortgage. At the end, you buy the home at a pre-set price.

That’s a common misconception! While Rent-to-Own can be more flexible than traditional mortgages, you do need a down payment to get started—typically around 5% of the home price. Here’s why: Your down payment becomes your initial equity in the home and is part of what helps you qualify for a mortgage at the end of [...]