How Does A Lease With Purchase Home Agreement Work?

The rent to own process is actually pretty simple.

1. Join our property list and tell us what type of home you’re looking for, your budget, etc (START with the form to the right)

2. We’ll send you local Houston rent to own / lease option homes that fit your criteria.

3. If you like a home and want to apply, we’ll give you an application to fill out. Don’t worry – we help people with all kinds of credit and financial situations, and if you can afford the property, we can probably help you to own it.

4. After you’re approved to Lease to own the property, we’ll agree on a monthly rent amount and the future purchase terms. Then just sign the documents and move on in!

5. Move in and pay your rent payments on-time… then at the end of the agreement when your financing is fit we close on the home .

How Long Are Rent To Own / Lease Option Terms?

Your lease/option agreement (also known as the rent to own contract) will spell out the length of time that you have to complete the purchase of the property – typically 1 year as we do our best to set a buyer up for success , but in certain circumstances we may extend your option if you need more time to get your credit up to the point where you can qualify for a bank loan.

The purchase of your home usually takes place through a traditional mortgage loan, but there are other ways to complete the purchase, depending on your finances.

That’s the process!

Once you’ve completed your mortgage, you’re done – now you own your home!

First step – sign up to find great properties around Houston just by filling out the form on the upper right of this page.

Be The FIRST To Hear About New Local Rent To Own Houses

Fill out the form above to search local Rent to Own Homes (often called Lease Option Homes) CURRENTLY AVAILABLE.

This list is updated on a weekly basis, and you'll receive email alerts as soon as new Rent to Own opportunities open up.

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Testimonials

“With rent to owns, you can lock in the sales price and terms upfront, allowing you to purchase the house at a below-market price in a few years”

Rich A. - Financial Planner (Bankrate)

LEGAL DISCLAIMER: Rent To Own refers to properties for sale with lease-option financing. This site does not charge for rental listings and is not a Pre Paid listing Service as defined by California Business and Professions Code 10167.

Terms of credit during rental period dependent on agreement with homeowner. Terms of credit may affect ability to qualify for home loan at end of lease period.

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