Rent To Own

Would you like to become a home owner?

How does rent to own work?

Step 1: Fill out application.
  • If you are interested in proceeding with a Rent To Own please fill out the quick form below.
STEP 2: Find a house. 
  • We will work with you to find you the perfect house.
STEP 3: Paper work.
  • You sign a tenant lease and an option to purchase agreement.
  • A cheque for the deposit. This will go towards the purchase of the house.
  • A cheque for one month’s rent. This will be applied towards your last month’s rent.
Step 4: Paper work
  • A cheque for first month’s rent
  • Each monthly payment is divided into a rental portion and  savings portion that is applied towards the purchase of the house. By the end of the term you will have saved the required amount to purchase the house.
Step 5: Rent To Own term is up
  • You will own your home.
  • You will have an improved credit score.

Minimum requirements:

  • At least $50000 in household income. This will determine the amount you will qualify for.
  • $10000 or 3% of the purchase price if more than $350000.

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