Are you tired of renting and dreaming of owning your own home? Are you having trouble securing traditional financing due to credit issues or a lack of a down payment? If so, a rent-to-own program may be the solution you’ve been searching for.
Stevens Realty Rent-To-Own Programs offer an alternative path to homeownership for those who may not qualify for traditional mortgages. With a rent-to-own program, you rent a property for a set period of time with the option to purchase the property at the end of the lease agreement.
Here Are Some Of The Benefits Of A Rent-To-Own Program:
With payment terms of 30-40 years, you’ll have ample time to make payments and eventually own your home outright. This flexibility is especially beneficial for those who may not be able to secure traditional financing due to credit issues or a lack of down payment.
Lower Interest Rates
Rent-to-own programs typically offer lower interest rates than traditional mortgages. For example, our program has an interest rate of only 10%. This lower interest rate can save you thousands of dollars over the life of the loan and make homeownership more affordable.
A portion of your monthly payments goes towards building equity in the property, meaning that you’ll eventually own it outright. With this, it can be a great advantage of rent-to-own programs because you are investing in a property you will own.
Test Drive The Property
Renting to own gives you the opportunity to live in the property and see if it’s truly the right fit for you before committing to buying. This is especially important for those who may be unsure if they want to commit to a long-term mortgage.
Affordable Down Payment
Your down payment will vary depending on the price of the property, but we strive to make it as affordable as possible for you. Our program provides an accessible path to homeownership for those who may not have a large down payment saved up.
Making regular payments on time can help improve your credit score, making it easier to obtain a mortgage when it comes to time to buy. This is especially beneficial for those who may have had credit issues in the past and are looking for a way to improve their credit while still working towards homeownership.
We Handle Your Taxes & Insurance
As the owner of the property, we take care of paying property taxes and insurance premiums. We will bill you for them and include it in your monthly payments. You don’t have to worry about making separate payments for these expenses, making homeownership more affordable and less stressful.
If you are tired of renting and ready to take the next step towards homeownership, Stevens Realty rent-to-own program may be the perfect solution. With flexible terms, lower interest rates, affordable down payments, and the ability to build equity, our program provides an accessible path to homeownership for those who may not qualify for traditional financing. Contact us today to learn more about our rent-to-own program and how we can help make your dreams a reality.