Rent-to-Own Program

Can’t Qualify for a Bank Loan?
Lack of 10%-20% Down Payment?
Can’t Afford Closing Costs?
Problem Credit?
Divorce?
Not Handy? Too Much Work?

Previous Bankruptcy or Foreclosure?
Self-Employed?
No Credit History?
Paperwork too Complex?
Don’t Know Where to Start?
Just Never Thought it Possible?

Many like yourself have always dreamed of owning their own home. If you think that any of the reasons listed above are keeping you from that path to ownership – think again. Don’t let these past challenges hold you back any longer. Our in-house finance company, CAL Financial, LLC is dedicated to helping individuals like yourself overcome past challenges and begin their path towards home ownership – TODAY.

How Can We Help?

We realize there are many people like yourself who long for the pride of ownership, have steady sources of income, and for whatever reason can’t qualify for a conventional bank mortgage today or simply just don’t know where to begin, or what options are available to them. Our Rent to Own Programs just may be the solution for you.

Click the arrows below to see the answers to each question.

What Is Rent-To-Own? What Does It Mean?

Rent To Own is also known as a Lease Option or Lease with Option to Purchase. A home that is available for purchase on a Rent to Own generally refers to a situation in which you as the tenant\buyer lease the home for a specified period (“option period”) and have the exclusive option to purchase the home anytime during that option period, which is typically 60 months. Here’s the great part about our unique program…as each month goes by on the Rent to Own program your option price goes down. In other words, you aren’t wasting money on rent….just building up equity in your home.

What Can Our Rent-To-Own Program Offer You?

It offers you a way to get into a home TODAY, not a year or two from now, but TODAY.

It offers you certainty – you will know exactly what your monthly payments and purchase price are at all times, no surprises.

It offers you time – time to evaluate the home, time to improve your credit profile, and time to improve your financial profile all while living in the house NOW – no waiting.

It offers you a path towards home ownership with very little upfront costs or risk (you are not locked into buying)

Ultimately, it offers you options.

What are the Benefits of Your Rent-To-Own Program?

Quick Approvals- You could be in your new home in 48 hours or less.Easy Qualifying – No banks are needed to qualify for our program. We do require a small upfront payment and the ability to make monthly payments on time. See below for a description on what we use to qualify individuals.No Surprises – Know exactly how much your monthly payment and purchase price will be today or in 12-60 months from now. Everything from your monthly payment to your final purchase price is completely spelled out in plain language and will not go up even when home values does.

Improve Your Credit – Rent To Owns are a great way to improve your credit rating and financial profile.

Do I Even Qualify For Your Rent-To-Own Program?

Qualifying for your new home is quick and simple. Past or current credit issues, including bankruptcy or foreclosure, do not automatically disqualify you. Our most basic requirements are that you have the ability to make your monthly payments on time and that you have funds available (maybe borrowed) for an upfront option fee. As a general rule of thumb we are looking for a minimum gross monthly household income of $1,600. Meet these basic requirements and you are one step closer towards ownership.

Other factors that we take into consideration are your rental history, and ability to pass a standard background check.

What Are the Upfront Fees?

Unlike a bank mortgage, you DO NOT need 10 to 20% down to participate in our Rent To Own program. You will need to provide a small upfront payment (“option fee”) at the time the agreements are signed in addition to your first year’s insurance premium. The option fee is the valuable consideration needed in order to grant you with the exclusive option to purchase the home. The exact amount will vary with each home, but on average you can expect the minimum option fee needed for a single-section home is $1,000 and $2,000 for a multi-section home.

Unlike what is needed for a bank down payment, the source of your option fee does not need to be “seasoned”. Your option fee can come from any number of sources. It can come from your checking account, savings, 401(k), IRA, a credit card, a friend, family member, etc.. Remember, we don’t limit you like a traditional bank qualifying process would.

Note: 100% of your option fee goes towards your down payment at the time of purchase – Please be aware that it is not a security deposit and is non-refundable.

What Type of Homes Are Available on the Rent-To-Own Program?

ALL of our homes are available under this program. We have a wide selection of brand new and like-new homes that vary in prices and monthly payments. If we don’t have a home that fits your needs, we can get one for you in a matter of weeks.

How Do I Get Started?

It’s as simple as giving us a call and setting up an appointment with our professional staff. Don’t delay, call (706) 993-1600 right now and you can be in your new home within 48 hours! You can also contact us through our website by clicking the button below.