For Buyers

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ar119612248065854We generally find people interested in our rent-to-own program because they think their less-than-perfect credit history will stand in the way of securing a mortgage, or people who are in the process of cleaning-up their credit but no longer want to waste time or money renting without the benefit of future ownership.

Many former and current clients shared their experiences with us with other rent-to-own organizations. The potential homebuyers felt these companies were only interested in taking their option money, and did not care if they failed to secure a mortgage at the end of their lease.

And they were right. In fact, the number of successful rent-to-own buyers who make the transition from renters to homeowners in other programs is extremely low. Why? Because no effort is made to pre-qualify potential homebuyers and determine how long it will take them to secure a mortgage, and exactly how much house they can truly afford.

Before our clients even begin shopping for a rent-to-own property, we ask that they first meet with one of our dedicated mortgage companies. These organizations are familiar with the rent-to-own program and share our understanding of our clients’  financial situation. Our mortgage companies will run a credit history, review their credit report and credit score, and determine not only when they will qualify for a mortgage, but also how much they can afford as a monthly rent.

With the financial data in hand, we will help our buyers move forward by designing a customized credit repair plan, to keep them on track in the weeks and months ahead to reach their ultimate goal of securing a mortgage and home ownership.

Our rent-to-own buyers enter the marketplace with the peace of mind knowing exactly what they can afford, and when they will qualify for a mortgage. Once they find the home of their dreams,  buyers fully realize the benefits of our program:

  • Their money is always working for them: The entire option fee as well as part of the monthly rent will be credited towards the final sale price or towards the down payment.
  • Available properties are almost always ready and waiting for our buyers. Once paperwork is completed and option fees are paid, they are immediately welcome to pack their bags and move in.
  • Time and incentives are on their side: While living in the home that will one day be theirs, they will have the opportunity to eliminate the credit issues that may be standing in the way of securing the best mortgage possible, while at the same time building equity.
07/10/2009@5:34 pm