Perfect for those with damaged credit...
Perfect for those with damaged credit...
4 Bedroom - Huge Yard!
They're only paying $849!
He's only paying $959!
She's only paying $725!
A Rent to Own transaction is when a homeowner agrees to lease or rent to own you their home and you, as the tenant, have an option to buy the home for a pre-mediated price before the lease agreement is up. It gives you a chance to "try out" the home and surrounding neighborhood, while you working on building up a down payment and fixing any past credit discrepancies you may or may not have.
The average lease term on a Rent to Own home is typically anywhere from 1 to 3 years, depending on how long you need to adjust your credit. One of the big reasons why so many people are choosing to Rent to Own a house is because you can in most cases get into a Rent to Own home with little or no money out of pocket, so even if you don't have any money put aside for a down payment you can still rent to won houses. And what the homeowner will normally do is offer rent credit, which is a percentage of the monthly payment, which is applied to the purchase price at the end of the lease or rent to own agreement that generally is where your actual down payment will come from.
If you're tired of renting and want to own a home, but your credit, income or lack of a down payment will not allow you to qualify for a mortgage right now, then Rent to Own is for you. If bad credit is holding you back, then you need some time to fix it. With a Rent to Own home, also referred to as a lease option or lease to own, you get to live in the home you want right now while you work on getting your credit fixed enough to purchase the home when the lease period is up. Achieving financial improvement goals is critical during the leasing period and we provide you with the tools and resources you will need to get a plan in place to get yourself back on track.
We can have you moved in quickly, so once you make your final choice on a home for you and your family and you're ready to move forward, one of our Rent to Own Specialists will assist you each step of the way to ensure this is the easiest move you have ever made! Remember, there's no rush and you're never under any obligation. The most important thing is finding the home that's right for you!
RentalSourceOne.com was founded on the idea that the home buying process should be simple and easy to understand. Homeownership is a right, not a privilege and there's no reason you should have to continue renting or paying excessive amounts of interest if you don't have to. With the right tools and resources and a clear understanding of how the process works, homeownership is possible, regardless of your current situation!
RentalSourceOne.com is the leader in Rent to Own homeownership resources nationwide. RentalSourceOne.com was developed by expert real estate professionals with more than 20 years of combined experience, who understand the unique requirements of the Rent to Own home buyer and seller. We are dedicated to helping you achieve your goal of owning a home, regardless of your past credit situation!
Some of the benefits of a Rent to Own home include:
Just wanted to say thank you for helping us get started with Rent to Own. We heard this was a great alternative to apartment living, but we thought our credit would keep us from getting into a new home this soon, because we just got turned down for a mortgage. We're just getting settled into our new place and we're so happy. The credit repair portion of this was what scared us, but you guys made it easy and helped us get back on track and we thank you for that!— Josh and Kandice, Portland, ME
Plain and simple, this is an awesome service. Much better than renting! I'd recommend it to anyone. You guys were informative and took the time to understand my situation and help me get back on my feet. My fiance and I have a baby on the way and we're just happy we didn't keep searching Craiglist and took a chance on you guys instead or we may still be looking.— Josh and Kandice, Portland, ME
RTO Deal was super helpful. We had a realtor in town looking for lease to own properties for us and she couldn't even find some of these houses. One of these homes was right down the street from my old place and I didn't even realize it was available for lease to own. Easy service, great people... will recommend again.— Josh and Kandice, Portland, ME
Great service. Found some really nice houses in my area, but even more important than that, you guys prepared me for this process and let me know exactly what I needed to do to. Having that help provided me with the direction I needed. I had friends that told me to look into a rent to own home, but I wasn't really sure how it worked. Thanks again!— Josh and Kandice, Portland, ME