Approximately 82% of Americans today can't qualify for a mortgage loan or any kind of home financing.
If this sounds like you, then keep reading to see if our Rent-to-Own Program is right for you.
Welcome, Buyers!Are you able to afford a home and make the monthly payments… but you’ve still been turned down for a mortgage loan?
If you’re one of those people, maybe you think you’ll be stuck renting for life… Who wants to be stuck renting a place where you have no control? With surprise rent hikes or having the landlord sell the house out from under you? Who wants to be stuck renting a place that you and your family can’t truly call your own? |
CHOICE REAL ESTATE SOLUTIONS
Frequently Asked Questions
What are the minimum qualifications to qualify for our rent-to-own program?
We require an up-front down payment that will be applied against the purchase price when you do eventually close on the property. Generally, your down payment will be between 3-10% of the purchase price, depending on the home and your personal situation.
Other than that, a commitment to diligently work with us to convert you from a home renter to a home buyer by the end of the lease term is the most important qualification.
A poor credit score will NOT disqualify you from our program, so don’t hesitate to consult with us.
Other than that, a commitment to diligently work with us to convert you from a home renter to a home buyer by the end of the lease term is the most important qualification.
A poor credit score will NOT disqualify you from our program, so don’t hesitate to consult with us.
can i still do your rent-to-own program if i don't qualify?
No, unfortunately not. It wouldn’t be fair for us to put you into a home and have you make rent payments if we know you won’t qualify to buy at the end of the rental period.
Do i have to pay any fees or commission?
Since we aren’t real estate agents, we don’t charge any commissions or other fees.
But, as with anyone who buys a home, you are required to put 3-10% down, which will be fully credited to your final purchase price at closing.
Beyond this, you’ll make regular monthly rent payments and cover the usual costs associated with home ownership.
But, as with anyone who buys a home, you are required to put 3-10% down, which will be fully credited to your final purchase price at closing.
Beyond this, you’ll make regular monthly rent payments and cover the usual costs associated with home ownership.
do my rental payments count towards my house payment?
No, they do not. Though, consider it this way — you’re already making rent payments somewhere. At least with a rent-to-own home, you know that these payments will pay off down the line and help you secure the home you want today.
what if i don't qualify for my mortage loan after my lease period ends?
This rarely happens because we don’t accept people into the program unless we’re 99.99% sure they’ll qualify for a mortgage loan after the lease period.
In the unlikely event this occurs, we may be able to extend your lease if we’re confident you need a little more time to qualify for a mortgage loan.
In the unlikely event this occurs, we may be able to extend your lease if we’re confident you need a little more time to qualify for a mortgage loan.
how long is the average rental period?
The length of the rental period is based on evaluation from our third party credit consulting agency and mortgage consultant. But usually, we can bring you to a point where you can qualify to purchase in anywhere from 12-24 months.
who is the rent-to-own program for?
This program is for anyone that wants to buy a home, but can’t qualify for a mortgage loan today.
Most importantly, this program is for people who are willing to invest the time and energy to get their credit on track so they can qualify for a loan to become buyers.
Alternatively, this program is perfect for someone who can qualify for a loan today, but just wants an extra year or two to save for a down payment, get better loan terms, or needs “seasoning” in the eyes of the lender.
Most importantly, this program is for people who are willing to invest the time and energy to get their credit on track so they can qualify for a loan to become buyers.
Alternatively, this program is perfect for someone who can qualify for a loan today, but just wants an extra year or two to save for a down payment, get better loan terms, or needs “seasoning” in the eyes of the lender.
who isn't the rent-to-own program for?
This program is not for anyone who wants an overnight miracle or is unwilling to put in the time and effort to fix what’s broken.
How To Rent to Own WorksBig picture explanation of how a tenant buyer becomes a homeowner.
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What Expenses Can I Expect?Dive deeper into understanding the expenses as a tenant buyer.
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Can I get into a Home with $0 down?We want to make sure to set you up for success and you're able to support the home.
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let's talk about your buying solution
BUYER'S CONTACT FORM
Please provide us with the information listed below about your needs and interest in BUYING a home. We will reach out to you shortly.
*Note: If you are a seller or other, please refer to other contact forms. |
reach out directly.
Connecting Property & People
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phone |
address |
215 East Bay St, Ste 201K #230
Charleston, SC 29401 |
We focus on North Carolina, South Carolina, Georgia and Florida.
If you are outside of our area, we can put you in touch with another property buyer in your area. We are part of a well-established national network of investors, Creative Financing Real Estate Association, with a proven-success record. |