We are working with an amazing Lease with a Right to Purchase program. If you qualify for the program, you get to pick a house that is FOR SALE based on your approved rent, in a community where they purchase and you would get to rent that house.
The investment firm purchases the home, and you are only obligated to a 1 YEAR LEASE term at a time, with a right to renew your lease for up to 5 years*. You can purchase the home at any time for a pre-agreed upon price. Unlike other rent-to-own opportunities, there is NO non-refundable deposit. This is a great opportunity for those relocating to the area, entrepreneurs, and others who are not quite ready to purchase.
Test Out Your preferred lifestyle
When choosing a new place to live, don’t forget to take into consideration not only the housing but also the surroundings. Thinking about a bigger picture is rather an exception than a rule in case of the first-time encounter with real estate which is the primary mistake clients make entering this unfamiliar business. It’s quite possible that your lifestyle means considering location, school systems, proximity to shopping, ect.. Leasing to own is a great opportunity to get familiar with new locations.
1. Apply for approval
2. Work with a Certified Realtor to find a qualified FOR SALE home
3. The program buys the home, you lease it from them
4. You can purchase your home from the program at any time
Rental limits are typically $1250+ per month with the security deposit set at 2 months rent.
Basic Requirements to Qualify**:
• Annual household income of $45,000+
• Stable employment
• No history of eviction or other landlord issues
• No pending bankruptcy
• No disqualifying criminal history
*Move in date must be at least 45 days from the initial application approval.
Debt-to-income and rent-to-income ratios will be evaluated.