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Why Rent? When You Can Own? HousingSolution.org now offering a Rent to Own program.
How does the Rent To Own Program work?
With the program, we collect an Option Consideration payment and monthly Rent Credits that are 100% put towards the downpayment of the house you are renting/leasing from us upon exercising your option to purchase the house from HousingSolution.org and its investors.
What is an Option Consideration?
A payment made at the beginning of a Rent to Own(Lease Option) Agreement. Different from a downpayment because it does not give the tenant the right to a share of the home's equity. It allows the tenant the Option to Purchase the home at the end of the Rent to Own(Lease Option) Agreement.
What is a Rent Credit? A rent credit is simply an amount of money credited towards the downpayment of the home given to the tenant/buyer by the landlord/seller each month.
How do we qualify for a mortgage to purchase the house? We work with a Mortgage Broker to determine the time frame that will work best for you to make it possible to apply for a mortgage at the end of the Rent To Own(Lease Option) Agreement. Once you are enrolled into the program, we have a complimentary Credit Counselling Program that helps you to be more successful to qualify for a mortgage.
How do I know how much I will be purchasing the house for at the end of the agreement? The purchase price of the house will be set at the beginning of the Rent to Own(Lease Option) Agreement, so you know exactly how much you will be buying it for. APPLY TODAY ! |
