If you're self-employed, paid on 1099, earn commissions, own a business, create content for a living, or simply don't fit the traditional mortgage box, you may have another path to a brand-new or newer home.
Forget the image of a beat-up house that an owner couldn't sell.
This is not about a random owner carrying the financing on a leftover property.
You choose the home based on your approved range. We focus heavily on brand-new and newer homes, including homes where you can be the first person to live there.
That can mean modern layouts, current building standards, builder warranties, new appliances, and a home you would actually want to own long term.
Rent-to-own is the path to the home. It is not the type of home.
Recurring deposits or other acceptable documentation may be used. A W-2 is not required for every available path.
Current rent-to-own program guidance may consider scores around 560, with lower scores reviewed case by case.
Approximately 4% minimum down for the rent-to-own path, plus applicable closing costs and fees.
Bank statements and other requested documents may be needed to verify income and deposits.
The property must fit your approved price range and current program requirements.
Underwriting, home selection, contract review, and closing all take time.
Complete the short form so we can see which path may fit your income, cash available, credit profile, and target market.
Rent-to-own may be the right answer. It may also turn out that another mortgage or alternative-documentation option fits you better. The goal is the home, not forcing you into one program.
Once your file is reviewed, you'll know the price range and approximate funds needed before you start seriously shopping.
You are not limited to someone's old leftover rent-to-own property. We focus on brand-new and newer homes, and you choose from homes that fit your approved range and program rules.
Under the rent-to-own structure, the lender or program entity purchases the home with the agreed program terms. Your price and payment structure are set by the contract, and you begin building equity rights under the program.
When you are ready and qualify, you may refinance or buy out the program after the first year. Depending on the program terms, selling may also be possible. You are not forced into a short one- or two-year deadline with a crazy balloon payment simply because the program started as rent-to-own.
Some buyers may fit a different mortgage or alternative-documentation path once their file is reviewed. The goal is to review your options and identify the path that makes the most sense for your situation, not force every buyer into rent-to-own.
Answer a few quick questions and we'll review the best next step for your situation.