With a lease-to-own program, you can choose the home you love, move in now, and work toward financing at your own pace.
Rent-to-own is a homebuying pathway that lets you move into a home now while giving you time to prepare for a traditional mortgage later. Instead of waiting until your credit, savings, or income meet lender requirements, you secure the right to purchase the home in the future at an agreed-upon price. During the rental term—usually 12 to 36 months—you live in the home just like a regular tenant while working toward becoming mortgage-ready. Once you’re approved for financing, you can move forward with purchasing the home and officially become the owner.
HOW DOES RENT TO OWN WORK?
What does “rent-to-own” mean?
Rent-to-own (also called a lease-option or lease-purchase) allows you to rent a home now and secure the opportunity to buy it later at an agreed-upon price. You live in the home during the rental period while preparing for mortgage approval.
How is rent-to-own different from regular renting?
How long is the rent-to-own term?
How much down payment is required.
Do I need good credit to qualify?
Can I rent-to-own a home if I’m self-employed or have irregular income?
What happens if home prices go up while I’m renting?
Who handles repairs and maintenance?
Can rent-to-own be used on new construction?
What credit score and qualifications will I eventually need to finance the home?
Ask Me About Rent-To-Own

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