How It Works
The Rent To Buy program works like this: you provide a deposit up front ranging from $3,000 to $15,000, depending on the property and your circumstances. You then pay your rental amount plus a monthly Rent To Buy amount. The entire deposit and monthly deposit is then credited in full to you upon completion. Renters usually take over home ownership in one to two years, with the price set one year in advance. If the home appreciates in value, our price doesn't change. If for some reason you cannot close at this time, then we can easily accomodate you to continue the Rent To Buy process. If the home is a condominium, we pay all condo fees until you take over. We also pay for property taxes. Property building insurance is paid by Rent To Buy Homes Inc. You pay for your own contents insurance and all maintenance and utilities.
In order to get started, make an appointment to view a home in person, complete the online application form, and we will review it and work with you to determine the suitability of your application. Once pre-approved paperwork is completed, you can usually move in within 30 to 60 days.
We take pride in providing our Rent To Buy homes and want to help you achieve your very important step to home ownership. Our program is perfectly suited to people who cannot get bank financing, have cash income, prior credit issues or are recent immigrants. We understand your situation but don't think you should be stopped from owning your own home.