If you have 5% down, you can get started in a Rent-to-Own Today

Rent-to-Own Homebuyers

At Clover Properties, we understand that life doesn’t always line up perfectly with the bank’s checklist. That’s why our Rent-to-Own program was created—for people like you, with steady income and a strong desire to own, but who just need a little more time to build credit, save for closing costs or boost their savings.

  • Don’t have the down payment needed to qualify for a bank mortgage?

  • Need time to repair credit or improve your credit score?

  • Need time to save the closing costs for a purchase (land transfer tax)?

  • New to the country and need time to establish credit or get your Permanent Residency (PR)?

With Rent-to-Own, you can take a meaningful step toward owning a place to call your own—even if the banks say you’re not ready yet. It’s a gentle, supportive path that helps you build your future, one payment at a time. Because your dreams of homeownership are valid—and absolutely within reach.

Let’s Discuss how Rent-to-Own Can Help You Create Your Perfect Homeownership Blueprint

Pre-Qualify First

To get started with Rent-to-Own, pre-qualify using the links on this page.  We require combined household income over $100,000 as a starting point and a minimum of $20,000 down-payment.y first day.

Budget

We use the stress test to determine your budget and affordability, that means 4.5 times your income = your budget.  So an income of $100,000 would equal a budget around $450,000.

House Hunting

With Rent-to-Own, after we provide you with a budget and you get to choose the home that feels right for you from the listings of homes for sale in your area.  You move in, settle down, and start creating memories, all while building toward ownership from the very first day.

The Purchase

Once you find a house, we will work with you to purchase the home, supply the agreements for you to review with a lawyer and go through the process of an inspection to ensure you are protected.

Rent-to-Own Qualifications

Wondering what is required to qualify?  We list the main ingredients below that result in a successful Rent-to-Own

Down Payment

We require a minimum down payment of $20,000, or 5% of the home’s purchase price if the property exceeds $500,000. This full amount will be credited toward your future purchase of the home. The down payment is due at the time of the home inspection and must be secured prior to finalizing the accepted offer.

Household Income

You will need a steady, verifiable household income that can support the purchase price of the home you are interested in. As a general guideline, a minimum annual income of $100,000 is recommended. To determine affordability, we apply the current mortgage stress test or benchmark, using a calculation of 4.5 times your annual income to establish your maximum budget.

Mindset

Success in a Rent to Own journey starts with the right mindset—one that’s committed, proactive, and focused on the long-term goal of homeownership. It’s not just about qualifying financially; it’s about believing in your ability to follow the plan, stay consistent, and take control of your future.

Harness The Power
Of Rent-to-Own

Rent to Own is a powerful path to homeownership that lets you move into your future home today while building your credit, growing your down payment, and gaining the time you need to qualify for a mortgage—all on your terms.

Rent-to-Own is a great way to speed up homeownership when the banks say "NO"

Credit Repair

Rent-to-Own provides you with time you need to repair or establish credit.  We have rent reporting so on-time payments can boost your credit and we have access to an amazing credit specialist for those that need a little more help with more complex credit fixes.

If you are good about paying on-time, you can increase your downpayment in our Rent-to-Own program as we credit a portion of the payment towards your downpayment each month you pay on-time.  We also bonus 12 month cycles of on-time payments.  Who doesn’t like free money.  Your landlord would never do that.

No micro-managing.  You live in the home (you selected) as it if it were your own.  Renovate, update or upgrade to make the house “your own”.