Question 1

What if I have some credit problems from my past?

Accepted Answer

We understand that credit issues can happen to anyone, and our Rent-To-Own program is here to provide a pathway to homeownership for those who are dedicated to repairing their credit. If you're willing to work towards your credit goals, we're here to support you every step of the way.

Question 2

Why do I need a deposit for this program?

Accepted Answer

Our extensive experience with Rent-to-Own clients has shown that those who are willing to invest in their own future have a greater chance of success and qualifying for a mortgage in the future. To ensure the best possible outcome for our clients, we require a down payment as a sign of their commitment to the program. This way, both parties are fully invested in the deal from the beginning. Please note that when you qualify for a mortgage, the bank will also require a down payment, and the deposit paid through our program serves as a starting point towards fulfilling this requirement.

Question 3

What if I don’t have a deposit?

Accepted Answer

This program includes a monthly payment in addition to your rent, which is predetermined and agreed upon in advance. This payment is applied towards your upfront deposit, and the accumulation of these funds will eventually be utilized as your bank down payment.

Question 4

Do I still pay rent?

Accepted Answer

Indeed, our program allows you to become a Tenant Buyer with the Option to Purchase the property. As a Tenant Buyer, you pay market rent monthly, while also having a firm action plan in place to work towards mortgage qualification.

Question 5

What happens to my initial deposit and my monthly option payments?

Accepted Answer

All of the funds you provide, including the initial deposit and monthly option payment, are accumulated by us and applied toward the purchase price of the home. These funds serve as your future down payment and are solely dedicated toward the purchase of your desired property.

Question 6

Do you pull my credit?

Accepted Answer

We understand that credit is an important factor in the home-buying process. That's why our credit specialist will work with you to assess your credit situation and determine if credit building is necessary, as well as estimate the time required for mortgage qualification. Rest assured that this information is kept confidential and will only be used to help you achieve your homeownership goals.

Question 7

What if I would like to stop the program in the middle? Do I get my up-front deposit payment and monthly option payment back?

Accepted Answer

Our Rent-To-Own program requires an up-front deposit, similar to building a home with a home builder or buying a home from a realtor. We are committed to helping clients who are serious about home ownership and moving forward, as long as they are taking the required steps outlined in the qualification action plan and keeping their payments current. Clients can stop the program at any time, but please note that if the option to purchase is not exercised, the option deposits will not be refunded. We are dedicated to supporting you throughout the process and ensuring your success.

Question 8

What if I cannot buy at the end of the year/term?

Accepted Answer

We understand that financial situations can change and may affect the terms of the contract. In such cases, we strive to work with our clients to restructure the terms in a way that is feasible for them. Our initial contract includes an option to extend, as our goal is to help our clients become homeowners, not lifelong renters. We remain committed to helping you achieve your homeownership goals, and your credit will always be protected as long as you ultimately purchase the home. The timeline for achieving this is determined by your individual financial circumstances.

Frequently Asked Questions

What if I have some credit problems from my past?

Why do I need a deposit for this program?

What if I don’t have a deposit?

Do I still pay rent?

What happens to my initial deposit and my monthly option payments?

Do you pull my credit?

What if I would like to stop the program in the middle? Do I get my up-front deposit payment and monthly option payment back?

What if I cannot buy at the end of the year/term?

More Questions?
Get in Touch

Frequently Asked Questions

What if I have some credit problems from my past?

Why do I need a deposit for this program?

What if I don’t have a deposit?

Do I still pay rent?

What happens to my initial deposit and my monthly option payments?

Do you pull my credit?

What if I would like to stop the program in the middle? Do I get my up-front deposit payment and monthly option payment back?

What if I cannot buy at the end of the year/term?

More Questions? Get in Touch

More Questions?
Get in Touch