Do you want to own a house but you do not meet some prerequisites to get the mortgage? Rent to Acquire can be the solution to your problem. This program gives you the opportunity to find the house of your dreams, rent it and buy it later. With this option, the tenant (future buyer) will have the opportunity to buy the house at a pre-established price.
How does this program work?
- You make a first deposit which is deducted from the price of the house
- You make monthly payments and a portion of these payments is allocated to your first down payment and deducted from the price of the house
- You agree to improve your credit rating during the rental period
- At the end of the program, you will be able to apply for a traditional financing type
How does this benefit you?
- You increase the residual value of your home
- You avoid closing costs
- You improve your credit rating
- While the banks refuse
Owning a home is a great way to accumulate wealth. Talk to one of our representatives today and see how you can get started without necessarily having a great credit score or a large amount for a first down payment.