This is a new take on the Rent-to-Own model that offers Americans a safe alternative form of financing so they can get into their dream home today, even if they don't qualify for a mortgage or have money safes up for a traditional down payment. We let residents choose the home they want, ensuring they get to live in a home they love and enabling them to gain equity credits with each rent payment during their 3 year lease term.
When they are ready, they can then choose to buy, or not buy, the home back from us with their saved home equity credits. If you are just looking to rent the home and do not intend on buying the home, our Rent with A Right to Purchase program would most likely be a better fit for you.
Here's How it Works:
If you qualify for the program, you get to pick a house that is FOR SALE (based on your approved rent) in a community where the investor purchases and you would get to rent to own that house.
The application process is no obligation and completely FREE! Not to mention, 25% of your monthly rent is set aside as Equity Credit. You get to enjoy the benefits of homeownership from day one, build towards your future mortgage, and either buy back the home or walk away with savings.
Applying for the Program:
Prospective residents start the process by requesting an exclusive link from a certified agent (me) and filling out the applicaiton. This application process is completely FREE... You read that right, FREE!
Once you start the application process, you will be prompted to verify all of your income documentation via their secure portal. After your income has been verified, you will then be required to veryify your down payment by submitting a recent bank statement
The focus isn't entirely on your credit score. You are also able to qualify for a co-signer on a case by case basis
✧ 550+ FICO score
✧ Clean rental/criminal background
✧ $40,000 household income
>>Click Here for Detailed Eligibility Criteria<<
Selecting Your Rent to Own Home:
This is where the fun begins! Approved prospective residents will work with me, a licensed Realtor®, to find an approved home in your community. This can be ANY home listed on the MLS or For Sale By Owner in the state of Minnesota (certain exclusions apply).
>>Click Here for Eligible Communities<<
✧ Listed at $100,000-$400,000
✧ Single-family and townhomes are great for Divvy (no condos)
✧ The home’s deed must be “Fee Simple”
✧ No Condos, Foreclosures, Pre-foreclosures, Short sales, Bank-owned / county-owned, Fannie / Freddie-owned, Assignee contracts from wholesalers, Manufactured or mobile homes
What Are Equity Credits? How Do They Work?
You can think of equity credits like a home savings account. Equity credits are savings toward the customer's future down payment. The monthly payment includes 75% rent and 25% savings.
Every resident starts out with at least 2% equity credits (aka their initial contribution due at signing), and builds to 10% equity credits over the 3-year lease.
The equity credits can be converted into a down payment for a mortgage at any time. If the customer has built 4% equity credits, for example, that means they have a 4% down payment.
Are you ready to see if this program is right for you?
Still have questions?
>>Click Here to see Frequently Asked Questions<<